Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Decreases By 24.8%

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

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

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

Simplify Interest Rate Hedge ETF Trading Up 1.2%

NYSEARCA PFIX traded up $0.54 during trading hours on Friday, hitting $46.57. The company’s stock had a trading volume of 900,711 shares, compared to its average volume of 579,306. Simplify Interest Rate Hedge ETF has a twelve month low of $41.45 and a twelve month high of $65.15. The stock has a fifty day moving average of $45.26 and a 200 day moving average of $47.18.

Simplify Interest Rate Hedge ETF Dividend Announcement

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

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.