Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Short Interest Up 258.7% in December

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 107,965 shares, a growth of 258.7% from the November 30th total of 30,103 shares. Currently, 3.2% of the shares of the company are sold short. Based on an average daily volume of 323,432 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 323,432 shares, the short-interest ratio is currently 0.3 days. Currently, 3.2% of the shares of the company are sold short.

Institutional Trading of Simplify Interest Rate Hedge ETF

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Simplify Interest Rate Hedge ETF in the second quarter worth about $53,000. Reyes Financial Architecture Inc. acquired a new stake in Simplify Interest Rate Hedge ETF in the second quarter worth about $71,000. Simplex Trading LLC grew its position in Simplify Interest Rate Hedge ETF by 3,462.6% in 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 in the last quarter. Finally, Integrity Alliance LLC. acquired a new position in Simplify Interest Rate Hedge ETF during the 2nd quarter valued at about $255,000.

Simplify Interest Rate Hedge ETF Price Performance

Shares of NYSEARCA:PFIX traded up $0.19 during trading hours on Friday, hitting $47.21. The stock had a trading volume of 394,221 shares, compared to its average volume of 236,164. The stock’s fifty day simple moving average is $47.60 and its 200 day simple moving average is $51.30. Simplify Interest Rate Hedge ETF has a 1-year low of $43.65 and a 1-year high of $65.15.

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.