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 September. As of September 30th, there was short interest totaling 159,507 shares, a growth of 193.2% from the September 15th total of 54,396 shares. Currently, 4.6% of the shares of the company are short sold. Based on an average trading volume of 254,497 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Drum Hill Capital LLC increased its position in Simplify Interest Rate Hedge ETF by 25.9% during the 1st quarter. Drum Hill Capital LLC now owns 143,638 shares of the company’s stock valued at $6,640,000 after purchasing an additional 29,592 shares during the period. FSA Investment Group LLC grew its position in shares of Simplify Interest Rate Hedge ETF by 36.4% in the 3rd quarter. FSA Investment Group LLC now owns 41,485 shares of the company’s stock worth $2,609,000 after buying an additional 11,063 shares during the last quarter. Anchor Investment Management LLC lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 121.6% during the first quarter. Anchor Investment Management LLC now owns 20,445 shares of the company’s stock valued at $945,000 after purchasing an additional 11,220 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Simplify Interest Rate Hedge ETF by 2,725.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 15,684 shares of the company’s stock valued at $986,000 after acquiring an additional 15,129 shares during the period. Finally, CVS HEALTH Corp purchased a new position in shares of Simplify Interest Rate Hedge ETF during the 1st quarter valued at about $670,000.

Simplify Interest Rate Hedge ETF Stock Performance

NYSEARCA:PFIX traded down $0.21 during mid-day trading on Tuesday, hitting $61.74. 1,696,856 shares of the stock were exchanged, compared to its average volume of 472,200. The firm’s 50-day simple moving average is $54.80 and its 200 day simple moving average is $49.48. Simplify Interest Rate Hedge ETF has a fifty-two week low of $41.37 and a fifty-two week high of $68.11.

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.