Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Sees Large Growth in Short Interest

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 136,018 shares, an increase of 188.9% from the May 14th total of 47,084 shares. Based on an average daily volume of 841,314 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.1% of the shares of the company are sold short.

Simplify Interest Rate Hedge ETF Price Performance

NYSEARCA:PFIX opened at $46.16 on Friday. Simplify Interest Rate Hedge ETF has a 1 year low of $41.45 and a 1 year high of $61.20. The business has a fifty day moving average of $46.82 and a 200-day moving average of $46.71.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. CVS HEALTH Corp bought a new position in shares of Simplify Interest Rate Hedge ETF in the first quarter worth $670,000. Geneos Wealth Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the first quarter valued at $44,000. Anchor Investment Management LLC lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 121.6% in the first quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after buying an additional 11,220 shares during the period. Ball & Co Wealth Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the first quarter valued at $97,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the first quarter valued at $308,000.

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.