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

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 47,439 shares, a growth of 236.3% from the April 15th total of 14,105 shares. Based on an average daily volume of 466,828 shares, the short-interest ratio is currently 0.1 days. Approximately 1.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 2.6% during the second quarter. Jane Street Group LLC now owns 416,853 shares of the company’s stock valued at $22,027,000 after acquiring an additional 10,631 shares in the last quarter. Trek Financial LLC bought a new stake in shares of Simplify Interest Rate Hedge ETF during the fourth quarter valued at approximately $11,986,000. Commonwealth Equity Services LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 189.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 193,913 shares of the company’s stock valued at $9,294,000 after acquiring an additional 126,991 shares in the last quarter. Drum Hill Capital LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 25.9% during the first quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock valued at $6,640,000 after acquiring an additional 29,592 shares in the last quarter. Finally, Holcombe Financial Inc. increased its position in shares of Simplify Interest Rate Hedge ETF by 8.6% during the fourth quarter. Holcombe Financial Inc. now owns 93,145 shares of the company’s stock valued at $4,464,000 after acquiring an additional 7,361 shares in the last quarter.

Simplify Interest Rate Hedge ETF Price Performance

Shares of PFIX traded down $0.39 on Thursday, hitting $48.36. 179,908 shares of the stock traded hands, compared to its average volume of 622,247. The business has a 50 day simple moving average of $45.93 and a 200 day simple moving average of $46.46. Simplify Interest Rate Hedge ETF has a one year low of $41.45 and a one year high of $65.15.

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.