Simplify Interest Rate Hedge ETF (PFIX) To Go Ex-Dividend on January 27th

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) declared a monthly dividend on Monday, January 26th. Investors of record on Tuesday, January 27th will be given a dividend of 0.10 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, January 27th.

Simplify Interest Rate Hedge ETF Trading Up 0.2%

Shares of NYSEARCA:PFIX opened at $45.71 on Wednesday. The company’s fifty day moving average is $48.05 and its 200 day moving average is $49.93. Simplify Interest Rate Hedge ETF has a 52 week low of $43.65 and a 52 week high of $65.15.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC bought a new position in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $29,000. JPMorgan Chase & Co. boosted its stake in shares of Simplify Interest Rate Hedge ETF by 1,285.0% during the third quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock valued at $40,000 after purchasing an additional 771 shares during the period. Raymond James Financial Inc. bought a new position in shares of Simplify Interest Rate Hedge ETF in the second quarter worth approximately $53,000. Simplex Trading LLC grew its holdings in shares of Simplify Interest Rate Hedge ETF by 3,462.6% in the second quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock worth $231,000 after purchasing an additional 4,259 shares during the last quarter. Finally, Comprehensive Money Management Services LLC increased its stake in shares of Simplify Interest Rate Hedge ETF by 18.8% in the fourth quarter. Comprehensive Money Management Services LLC now owns 5,065 shares of the company’s stock worth $243,000 after buying an additional 800 shares during the period.

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.