Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Increases By 668.4%

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 268,788 shares, an increase of 668.4% from the February 26th total of 34,978 shares. Currently, 7.4% of the company’s stock are short sold. Based on an average daily volume of 1,046,774 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 1,046,774 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

A number of hedge funds have recently added to or reduced their stakes in PFIX. FSA Investment Group LLC purchased a new stake in Simplify Interest Rate Hedge ETF during the 3rd quarter valued at $759,000. Choreo LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF in the third quarter worth $629,000. Advyzon Investment Management LLC lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 196.3% during the third quarter. Advyzon Investment Management LLC now owns 61,855 shares of the company’s stock valued at $2,980,000 after purchasing an additional 40,982 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Simplify Interest Rate Hedge ETF by 885.6% during the third quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock valued at $4,064,000 after purchasing an additional 75,813 shares in the last quarter. Finally, Ausdal Financial Partners Inc. boosted its position in Simplify Interest Rate Hedge ETF by 599.5% in the third quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock worth $4,144,000 after purchasing an additional 73,733 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX stock traded down $0.35 during trading on Tuesday, hitting $47.00. 1,404,840 shares of the stock traded hands, compared to its average volume of 624,347. Simplify Interest Rate Hedge ETF has a 1 year low of $41.45 and a 1 year high of $65.15. The firm’s 50 day moving average is $45.18 and its two-hundred day moving average is $46.73.

Simplify Interest Rate Hedge ETF Announces Dividend

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

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.