Short Interest in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Drops By 96.3%

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totaling 14,105 shares, a decline of 96.3% from the March 31st total of 383,704 shares. Based on an average trading volume of 1,071,055 shares, the short-interest ratio is currently 0.0 days. Currently, 0.3% of the company’s stock are sold short.

Simplify Interest Rate Hedge ETF Stock Up 0.9%

NYSEARCA:PFIX traded up $0.42 during trading hours on Friday, hitting $44.87. 190,698 shares of the company were exchanged, compared to its average volume of 680,647. Simplify Interest Rate Hedge ETF has a 52-week low of $41.45 and a 52-week high of $65.15. The company’s 50 day moving average price is $44.78 and its 200-day moving average price is $46.39.

Simplify Interest Rate Hedge ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Trek Financial LLC purchased a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth about $11,986,000. Commonwealth Equity Services LLC boosted its position in Simplify Interest Rate Hedge ETF by 189.8% in 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. increased its holdings in Simplify Interest Rate Hedge ETF by 885.6% in the 3rd quarter. Envestnet Asset Management Inc. now owns 84,374 shares of the company’s stock worth $4,064,000 after buying an additional 75,813 shares during the period. Ausdal Financial Partners Inc. increased its holdings in Simplify Interest Rate Hedge ETF by 599.5% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 86,032 shares of the company’s stock worth $4,144,000 after buying an additional 73,733 shares during the period. Finally, Hilltop Holdings Inc. purchased a new position in Simplify Interest Rate Hedge ETF during the 4th quarter worth approximately $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.