Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Up 188.9% in May

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 136,018 shares, a growth of 188.9% from the May 14th total of 47,084 shares. Based on an average daily trading volume, of 841,314 shares, the days-to-cover ratio is presently 0.2 days. Currently, 3.1% of the company’s shares are sold short.

Simplify Interest Rate Hedge ETF Stock Down 1.3%

Shares of NYSEARCA:PFIX traded down $0.61 on Friday, reaching $45.55. 338,263 shares of the company traded hands, compared to its average volume of 623,489. The business’s 50-day simple moving average is $46.82 and its 200 day simple moving average is $46.70. Simplify Interest Rate Hedge ETF has a 52 week low of $41.45 and a 52 week high of $61.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PFIX. Trek Financial LLC bought a new position in shares of Simplify Interest Rate Hedge ETF during the fourth quarter valued at about $11,986,000. Commonwealth Equity Services LLC grew its stake in shares of Simplify Interest Rate Hedge ETF by 189.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 193,913 shares of the company’s stock valued at $9,294,000 after buying an additional 126,991 shares during the last quarter. Envestnet Asset Management Inc. grew its stake 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 buying an additional 75,813 shares during the last quarter. Ausdal Financial Partners Inc. grew its stake in shares of 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. Finally, Hilltop Holdings Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth about $2,027,000.

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.