Ferguson Shapiro LLC Sells 146,878 Shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Ferguson Shapiro LLC decreased its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 93.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,152 shares of the company’s stock after selling 146,878 shares during the period. Ferguson Shapiro LLC owned 0.34% of Simplify Interest Rate Hedge ETF worth $531,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Hilltop Holdings Inc. boosted its stake in shares of Simplify Interest Rate Hedge ETF by 1.8% in the third quarter. Hilltop Holdings Inc. now owns 15,355 shares of the company’s stock worth $631,000 after acquiring an additional 266 shares during the period. Stratos Wealth Advisors LLC boosted its stake in shares of Simplify Interest Rate Hedge ETF by 2.1% in the third quarter. Stratos Wealth Advisors LLC now owns 17,364 shares of the company’s stock worth $714,000 after acquiring an additional 354 shares during the period. Professional Financial Advisors LLC boosted its stake in shares of Simplify Interest Rate Hedge ETF by 4.3% in the fourth quarter. Professional Financial Advisors LLC now owns 16,387 shares of the company’s stock worth $858,000 after acquiring an additional 680 shares during the period. Park Edge Advisors LLC boosted its stake in shares of Simplify Interest Rate Hedge ETF by 27.3% in the fourth quarter. Park Edge Advisors LLC now owns 16,830 shares of the company’s stock worth $881,000 after acquiring an additional 3,609 shares during the period. Finally, Mutual Advisors LLC bought a new position in shares of Simplify Interest Rate Hedge ETF in the fourth quarter worth about $262,000.

Simplify Interest Rate Hedge ETF Price Performance

Shares of Simplify Interest Rate Hedge ETF stock opened at $52.65 on Thursday. The stock has a 50 day moving average of $50.85 and a 200 day moving average of $46.68. Simplify Interest Rate Hedge ETF has a 12 month low of $37.00 and a 12 month high of $57.50.

Simplify Interest Rate Hedge ETF 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).