Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Grows By 237.6%

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 123,294 shares, a growth of 237.6% from the December 31st total of 36,521 shares. Based on an average daily volume of 510,583 shares, the short-interest ratio is currently 0.2 days. Currently, 3.6% of the company’s shares are short sold. Currently, 3.6% of the company’s shares are short sold. Based on an average daily volume of 510,583 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

Large investors have recently modified their holdings of the stock. Advyzon Investment Management LLC acquired a new position in Simplify Interest Rate Hedge ETF in the 2nd quarter valued at $1,103,000. FSA Investment Group LLC acquired a new stake in Simplify Interest Rate Hedge ETF during the third quarter worth about $759,000. Integrity Alliance LLC. purchased a new stake in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at about $255,000. Stratos Wealth Advisors LLC increased its holdings in Simplify Interest Rate Hedge ETF by 9.7% during the 2nd quarter. Stratos Wealth Advisors LLC now owns 15,133 shares of the company’s stock worth $800,000 after purchasing an additional 1,344 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter valued at approximately $1,384,000.

Simplify Interest Rate Hedge ETF Stock Up 1.9%

NYSEARCA:PFIX traded up $0.89 during trading hours on Friday, reaching $47.47. 209,020 shares of the stock were exchanged, compared to its average volume of 532,916. Simplify Interest Rate Hedge ETF has a twelve month low of $43.65 and a twelve month high of $65.15. The business has a 50-day moving average of $47.96 and a two-hundred day moving average of $49.81.

Simplify Interest Rate Hedge ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Tuesday, January 27th.

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.