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

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 53,129 shares, a drop of 56.9% from the January 15th total of 123,294 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 555,343 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 555,343 shares, the short-interest ratio is currently 0.1 days. Approximately 1.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On Simplify Interest Rate Hedge ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PFIX. Harbor Investment Advisory LLC bought a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter valued at $29,000. JPMorgan Chase & Co. grew its holdings in Simplify Interest Rate Hedge ETF by 1,285.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after acquiring an additional 771 shares in the last quarter. Colonial Trust Co SC purchased a new position in Simplify Interest Rate Hedge ETF during the 4th quarter valued at about $48,000. Bank of Montreal Can increased its position in Simplify Interest Rate Hedge ETF by 168.7% during the 4th quarter. Bank of Montreal Can now owns 1,048 shares of the company’s stock valued at $50,000 after purchasing an additional 658 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the 2nd quarter valued at about $53,000.

Simplify Interest Rate Hedge ETF Trading Down 2.7%

Shares of Simplify Interest Rate Hedge ETF stock traded down $1.21 during trading on Thursday, reaching $44.31. 561,341 shares of the stock traded hands, compared to its average volume of 495,870. The business has a fifty day simple moving average of $47.76 and a two-hundred day simple moving average of $48.99. Simplify Interest Rate Hedge ETF has a 52-week low of $43.65 and a 52-week high of $65.15.

Simplify Interest Rate Hedge ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

Simplify Interest Rate Hedge ETF Company Profile

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.