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

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

Simplify Bond Bull ETF Stock Performance

Shares of RFIX stock traded down $0.40 on Tuesday, hitting $38.31. The stock had a trading volume of 792,248 shares, compared to its average volume of 655,728. The business has a 50 day moving average of $39.37 and a 200 day moving average of $39.21. Simplify Bond Bull ETF has a 12-month low of $35.31 and a 12-month high of $49.36.

Hedge Funds Weigh In On Simplify Bond Bull ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cove Street Capital LLC increased its position in shares of Simplify Bond Bull ETF by 59.5% during 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 during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Simplify Bond Bull ETF by 14.9% in the 3rd 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 during the last quarter. Principal Securities Inc. boosted its holdings in shares of Simplify Bond Bull ETF by 33.4% in the 4th quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock worth $379,000 after buying an additional 2,613 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in Simplify Bond Bull ETF during the second quarter valued at about $195,000. Finally, True Wealth Design LLC grew its position in Simplify Bond Bull ETF by 5.0% during the fourth quarter. True Wealth Design LLC now owns 166,412 shares of the company’s stock valued at $6,039,000 after buying an additional 7,973 shares during the period.

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.