Simplify Bond Bull ETF (NYSEARCA:RFIX) Short Interest Update

Simplify Bond Bull ETF (NYSEARCA:RFIX) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 3,035 shares, a drop of 51.0% from the April 30th total of 6,199 shares. Based on an average trading volume of 341,340 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RFIX. Cove Street Capital LLC lifted its holdings in Simplify Bond Bull ETF by 59.5% in the 3rd quarter. Cove Street Capital LLC now owns 2,075 shares of the company’s stock valued at $89,000 after purchasing an additional 774 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Simplify Bond Bull ETF in the 2nd quarter valued at about $195,000. Envestnet Asset Management Inc. grew its position in shares of Simplify Bond Bull ETF by 14.9% during the third quarter. Envestnet Asset Management Inc. now owns 7,830 shares of the company’s stock worth $334,000 after buying an additional 1,018 shares in the last quarter. Principal Securities Inc. grew its position in shares of Simplify Bond Bull ETF by 33.4% during the fourth quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock worth $379,000 after buying an additional 2,613 shares in the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Simplify Bond Bull ETF during the first quarter worth about $599,000.

Simplify Bond Bull ETF Price Performance

Simplify Bond Bull ETF stock traded up $0.28 during trading on Monday, reaching $38.71. The company had a trading volume of 511,317 shares, compared to its average volume of 654,403. The firm’s 50-day simple moving average is $39.37 and its 200 day simple moving average is $39.21. Simplify Bond Bull ETF has a 1-year low of $35.31 and a 1-year high of $49.36.

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.