Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Shares Shorted: Short Interest Up 193.2% in September

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 159,507 shares, an increase of 193.2% from the September 15th total of 54,396 shares. Based on an average daily trading volume, of 254,497 shares, the days-to-cover ratio is presently 0.6 days. Currently, 4.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. bought a new stake in Simplify Interest Rate Hedge ETF in the 1st quarter valued at $44,000. Integrated Wealth Concepts LLC bought a new position in shares of Simplify Interest Rate Hedge ETF during the second quarter valued at $87,000. Ball & Co Wealth Management Inc. bought a new stake in shares of Simplify Interest Rate Hedge ETF in the 1st quarter worth about $97,000. Griffin Asset Management Inc. bought a new position in Simplify Interest Rate Hedge ETF during the 1st quarter valued at about $308,000. Finally, Anchor Investment Management LLC grew its stake in Simplify Interest Rate Hedge ETF by 81.8% during the fourth quarter. Anchor Investment Management LLC now owns 9,225 shares of the company’s stock worth $442,000 after buying an additional 4,150 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of NYSEARCA PFIX opened at $61.74 on Wednesday. The business’s 50-day moving average price is $55.01 and its two-hundred day moving average price is $49.59. Simplify Interest Rate Hedge ETF has a one year low of $41.37 and a one year high of $68.11.

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.