Simplify Interest Rate Hedge ETF Declares Monthly Dividend of $0.10 (NYSEARCA:PFIX)

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) declared a monthly dividend on Monday, January 26th. Stockholders of record on Tuesday, January 27th will be paid a dividend of 0.10 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, January 27th.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX opened at $45.61 on Tuesday. Simplify Interest Rate Hedge ETF has a 12 month low of $43.65 and a 12 month high of $65.15. The stock’s 50 day moving average price is $48.11 and its 200 day moving average price is $50.01.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new position in Simplify Interest Rate Hedge ETF in the 4th quarter valued at about $29,000. JPMorgan Chase & Co. raised its position in shares of Simplify Interest Rate Hedge ETF by 1,285.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after buying an additional 771 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter worth approximately $53,000. Simplex Trading LLC lifted its stake in shares of Simplify Interest Rate Hedge ETF by 3,462.6% in the 2nd quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock worth $231,000 after acquiring an additional 4,259 shares during the period. Finally, Comprehensive Money Management Services LLC boosted its holdings in shares of Simplify Interest Rate Hedge ETF by 18.8% in the fourth quarter. Comprehensive Money Management Services LLC now owns 5,065 shares of the company’s stock valued at $243,000 after acquiring an additional 800 shares in the last quarter.

About Simplify Interest Rate Hedge ETF

The Simplify Interest Rate Hedge ETF (PFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed to provide a hedge against a sharp increase in long-term interest rates. The fund holds OTC interest rate options, US Treasurys, and US Treasury Inflation-Protected Securities (TIPS). PFIX was launched on May 10, 2021 and is managed by Simplify.