Short Interest in Simplify Bond Bull ETF (NYSEARCA:RFIX) Decreases By 85.9%

Simplify Bond Bull ETF (NYSEARCA:RFIX) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 991 shares, a decline of 85.9% from the May 31st total of 7,042 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 636,565 shares, the short-interest ratio is presently 0.0 days.

Simplify Bond Bull ETF Stock Performance

Shares of RFIX traded down $0.50 during trading hours on Friday, hitting $39.00. The stock had a trading volume of 511,898 shares, compared to its average volume of 645,340. Simplify Bond Bull ETF has a 1-year low of $35.31 and a 1-year high of $48.73. The firm has a 50 day simple moving average of $38.88 and a 200-day simple moving average of $38.98.

Hedge Funds Weigh In On Simplify Bond Bull ETF

A number of large investors have recently added to or reduced their stakes in RFIX. Cove Street Capital LLC lifted its holdings in Simplify Bond Bull ETF by 59.5% in the third quarter. Cove Street Capital LLC now owns 2,075 shares of the company’s stock worth $89,000 after buying an additional 774 shares during the period. Envestnet Asset Management Inc. increased its position in Simplify Bond Bull ETF by 14.9% during the third quarter. Envestnet Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $334,000 after acquiring an additional 1,018 shares during the last quarter. Principal Securities Inc. increased its holdings in Simplify Bond Bull ETF by 33.4% during the fourth quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock valued at $379,000 after buying an additional 2,613 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new stake in Simplify Bond Bull ETF during the second quarter valued at approximately $195,000. Finally, True Wealth Design LLC raised its position in Simplify Bond Bull ETF by 5.0% in the fourth quarter. True Wealth Design LLC now owns 166,412 shares of the company’s stock worth $6,039,000 after acquiring an additional 7,973 shares during the period.

About Simplify Bond Bull ETF

The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) is an exchange-traded fund that mostly invests in spreads alternatives. The fund is actively managed, seeking interest rate protection against the decrease in long-term interest rates and income generation in volatile market conditions. Investments include OTC interest-rate derivatives, US Treasurys, TIPS, and investment-grade bonds of any maturities. RFIX was launched on Dec 9, 2024 and is issued by Simplify.