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

Shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) rose 0.3% during mid-day trading on Monday . The company traded as high as $51.21 and last traded at $50.20. Approximately 56,195 shares were traded during trading, a decline of 40% from the average daily volume of 94,059 shares. The stock had previously closed at $50.07.

Simplify Interest Rate Hedge ETF Stock Performance

The company’s 50 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 made changes to their positions in PFIX. Bank of Montreal Can bought a new position in Simplify Interest Rate Hedge ETF in the third quarter valued at approximately $3,690,000. Park Edge Advisors LLC raised its position in shares of Simplify Interest Rate Hedge ETF by 69.8% during the 2nd quarter. Park Edge Advisors LLC now owns 65,003 shares of the company’s stock valued at $3,110,000 after acquiring an additional 26,710 shares during the last quarter. Altiora Financial Group LLC acquired a new position in shares of Simplify Interest Rate Hedge ETF in the 3rd quarter valued at $912,000. Pekin Hardy Strauss Inc. boosted its position in shares of Simplify Interest Rate Hedge ETF by 13.8% in the 3rd quarter. Pekin Hardy Strauss Inc. now owns 106,993 shares of the company’s stock worth $4,400,000 after purchasing an additional 12,973 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Simplify Interest Rate Hedge ETF during the second quarter worth $300,000.

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).