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

Simplify Bond Bull ETF (NYSEARCA:RFIX) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 5,323 shares, a drop of 89.7% from the March 31st total of 51,762 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 453,829 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On Simplify Bond Bull ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RFIX. Cove Street Capital LLC boosted its stake in Simplify Bond Bull ETF by 59.5% during the third quarter. Cove Street Capital LLC now owns 2,075 shares of the company’s stock valued at $89,000 after buying an additional 774 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Simplify Bond Bull ETF in the 2nd quarter valued at about $195,000. Envestnet Asset Management Inc. boosted 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 in the last quarter. Principal Securities Inc. grew its stake in shares of Simplify Bond Bull ETF by 33.4% in the 4th quarter. Principal Securities Inc. now owns 10,443 shares of the company’s stock worth $379,000 after purchasing an additional 2,613 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Simplify Bond Bull ETF in the 1st quarter worth approximately $599,000.

Simplify Bond Bull ETF Price Performance

Shares of NYSEARCA RFIX traded down $0.23 during midday trading on Friday, reaching $39.22. 470,675 shares of the company traded hands, compared to its average volume of 710,183. The stock has a 50-day moving average price of $40.55 and a 200 day moving average price of $39.94. Simplify Bond Bull ETF has a 52 week low of $35.31 and a 52 week high of $52.11.

About Simplify Bond Bull ETF

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.