Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Update

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 123,294 shares, an increase of 237.6% from the December 31st total of 36,521 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average trading volume of 510,583 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 510,583 shares, the days-to-cover ratio is currently 0.2 days. Currently, 3.6% of the company’s stock are short sold.

Institutional Trading of Simplify Interest Rate Hedge ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Harbor Investment Advisory LLC purchased a new stake in Simplify Interest Rate Hedge ETF during the 4th quarter valued at $29,000. JPMorgan Chase & Co. boosted its holdings in Simplify Interest Rate Hedge ETF by 1,285.0% in the third quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock worth $40,000 after purchasing an additional 771 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter worth approximately $53,000. Simplex Trading LLC raised its stake in Simplify Interest Rate Hedge ETF by 3,462.6% during the 2nd quarter. Simplex Trading LLC now owns 4,382 shares of the company’s stock valued at $231,000 after buying an additional 4,259 shares during the last quarter. Finally, Integrity Alliance LLC. bought a new position in shares of Simplify Interest Rate Hedge ETF during the 2nd quarter valued at $255,000.

Simplify Interest Rate Hedge ETF Trading Up 0.6%

Shares of PFIX traded up $0.29 on Wednesday, reaching $46.00. The stock had a trading volume of 549,780 shares, compared to its average volume of 555,104. Simplify Interest Rate Hedge ETF has a 12-month low of $43.65 and a 12-month high of $65.15. The company has a 50-day simple moving average of $48.05 and a 200-day simple moving average of $49.93.

Simplify Interest Rate Hedge ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 27th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, January 27th.

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.