Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Update

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 34,978 shares, a drop of 24.8% from the February 12th total of 46,503 shares. Based on an average daily trading volume, of 340,137 shares, the short-interest ratio is presently 0.1 days. Approximately 1.0% of the shares of the stock are short sold. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 340,137 shares, the short-interest ratio is presently 0.1 days.

Simplify Interest Rate Hedge ETF Price Performance

NYSEARCA:PFIX traded up $0.54 during trading hours on Friday, hitting $46.57. 900,711 shares of the company’s stock traded hands, compared to its average volume of 579,306. Simplify Interest Rate Hedge ETF has a 52 week low of $41.45 and a 52 week high of $65.15. The business’s fifty day simple moving average is $45.26 and its two-hundred day simple moving average is $47.29.

Simplify Interest Rate Hedge ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, February 24th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC raised its position in shares of Simplify Interest Rate Hedge ETF by 2.6% during the 2nd quarter. Jane Street Group LLC now owns 416,853 shares of the company’s stock valued at $22,027,000 after buying an additional 10,631 shares in the last quarter. Trek Financial LLC purchased a new position in Simplify Interest Rate Hedge ETF in the fourth quarter worth $11,986,000. Commonwealth Equity Services LLC grew its position in Simplify Interest Rate Hedge ETF by 189.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 193,913 shares of the company’s stock worth $9,294,000 after acquiring an additional 126,991 shares in the last quarter. Drum Hill Capital LLC increased its stake in Simplify Interest Rate Hedge ETF by 1.7% in the fourth quarter. Drum Hill Capital LLC now owns 114,046 shares of the company’s stock valued at $5,466,000 after acquiring an additional 1,925 shares during the last quarter. Finally, Holcombe Financial Inc. increased its stake in Simplify Interest Rate Hedge ETF by 8.6% in 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 during the last quarter.

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.