Simplify Bond Bull ETF (NYSEARCA:RFIX) Sees Large Drop in Short Interest

Simplify Bond Bull ETF (NYSEARCA:RFIX) was the target of a significant drop in short interest in March. As of March 13th, there was short interest totaling 14,988 shares, a drop of 85.7% from the February 26th total of 104,658 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily trading volume, of 758,177 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 758,177 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.0% of the company’s stock are sold short.

Simplify Bond Bull ETF Stock Up 3.3%

Simplify Bond Bull ETF stock traded up $1.40 during midday trading on Tuesday, reaching $43.22. The stock had a trading volume of 560,338 shares, compared to its average volume of 810,824. The firm’s fifty day simple moving average is $39.15 and its 200-day simple moving average is $40.42. Simplify Bond Bull ETF has a 1-year low of $35.31 and a 1-year high of $58.95.

Institutional Trading of Simplify Bond Bull ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC bought a new stake in shares of Simplify Bond Bull ETF in the second quarter worth $64,000. Cove Street Capital LLC boosted its holdings in Simplify Bond Bull ETF by 59.5% during the third quarter. Cove Street Capital LLC now owns 2,075 shares of the company’s stock worth $89,000 after purchasing an additional 774 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Simplify Bond Bull ETF in the second quarter valued at $195,000. Envestnet Asset Management Inc. bought a new position in Simplify Bond Bull ETF in the second quarter valued at $331,000. Finally, Principal Securities Inc. increased its stake in Simplify Bond Bull ETF by 33.4% in the 4th quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock valued at $379,000 after buying an additional 2,613 shares during the last quarter.

About Simplify Bond Bull ETF

The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities. RFIX was launched on Dec 9, 2024 and is issued by Simplify.