Simplify Bond Bull ETF (NYSEARCA:RFIX) Sees Significant Decrease in Short Interest

Simplify Bond Bull ETF (NYSEARCA:RFIX) was the target of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 50,291 shares, a decrease of 37.8% from the July 30th total of 80,893 shares. Approximately 4.1% of the shares of the company are sold short. Based on an average daily trading volume, of 291,280 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On Simplify Bond Bull ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Simplify Bond Bull ETF in the second quarter worth approximately $195,000. Envestnet Asset Management Inc. raised its position in shares of Simplify Bond Bull ETF by 14.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,830 shares of the company’s stock valued at $334,000 after purchasing an additional 1,018 shares during the period. Principal Securities Inc. lifted its stake in shares of Simplify Bond Bull ETF by 33.4% during the 4th 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 in the last quarter. Jane Street Group LLC purchased a new position in shares of Simplify Bond Bull ETF during the 1st quarter valued at $599,000. Finally, Prosperity Wealth Management Inc. boosted its holdings in Simplify Bond Bull ETF by 63.3% in the 3rd quarter. Prosperity Wealth Management Inc. now owns 26,452 shares of the company’s stock worth $1,130,000 after buying an additional 10,256 shares during the period.

Simplify Bond Bull ETF Price Performance

NYSEARCA RFIX opened at $35.30 on Monday. Simplify Bond Bull ETF has a 52 week low of $34.76 and a 52 week high of $45.79. The stock’s 50-day moving average price is $37.30 and its 200-day moving average price is $38.91.

Simplify Bond Bull ETF Company Profile

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.