Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Stock Price Up 0.3% – Still a Buy?

Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)’s stock price shot up 0.3% during mid-day trading on Monday . The stock traded as high as $51.21 and last traded at $50.20. 56,195 shares traded hands during trading, a decline of 40% from the average session volume of 94,059 shares. The stock had previously closed at $50.07.

Simplify Interest Rate Hedge ETF Trading Up 0.3 %

The firm’s fifty day moving average price is $44.90 and its 200-day moving average price is $45.51.

Hedge Funds Weigh In On Simplify Interest Rate Hedge ETF

Several large investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter valued at $300,000. Commonwealth Equity Services LLC boosted its position in shares of Simplify Interest Rate Hedge ETF by 1.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 69,856 shares of the company’s stock valued at $3,343,000 after acquiring an additional 874 shares in the last quarter. Professional Financial Advisors LLC increased its stake in Simplify Interest Rate Hedge ETF by 5.1% in the third quarter. Professional Financial Advisors LLC now owns 15,707 shares of the company’s stock valued at $646,000 after acquiring an additional 767 shares during the period. Comerica Bank raised its position in Simplify Interest Rate Hedge ETF by 41.6% in the first quarter. Comerica Bank now owns 1,361 shares of the company’s stock worth $61,000 after purchasing an additional 400 shares in the last quarter. Finally, Fortis Group Advisors LLC lifted its stake in Simplify Interest Rate Hedge ETF by 7.8% during the second quarter. Fortis Group Advisors LLC now owns 11,976 shares of the company’s stock worth $573,000 after purchasing an additional 868 shares during the period.

Simplify Interest Rate Hedge ETF Company Profile

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).