Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Raises Dividend to $2.39 Per Share

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) announced a monthly dividend on Friday, January 17th. Investors of record on Tuesday, December 23rd will be paid a dividend of 2.39 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 56.9%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 2,290.0% increase from Simplify Interest Rate Hedge ETF’s previous monthly dividend of $0.10.

Simplify Interest Rate Hedge ETF Trading Down 0.4%

Shares of Simplify Interest Rate Hedge ETF stock opened at $50.41 on Friday. Simplify Interest Rate Hedge ETF has a 52-week low of $43.65 and a 52-week high of $65.15. The company has a 50 day moving average of $47.46 and a 200 day moving average of $51.62.

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.