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

Shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) traded up 0.3% during trading on Monday . The company traded as high as $51.21 and last traded at $50.20. 56,195 shares changed 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 0.1 %

The company’s 50-day moving average is $45.37 and its 200-day moving average is $45.53.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Comerica Bank grew its holdings in Simplify Interest Rate Hedge ETF by 41.6% during the 1st quarter. Comerica Bank now owns 1,361 shares of the company’s stock valued at $61,000 after buying an additional 400 shares in the last quarter. Park Edge Advisors LLC boosted its holdings in Simplify Interest Rate Hedge ETF by 69.8% in the 2nd quarter. Park Edge Advisors LLC now owns 65,003 shares of the company’s stock valued at $3,110,000 after purchasing an additional 26,710 shares during the period. Fortis Group Advisors LLC grew its position in shares of Simplify Interest Rate Hedge ETF by 7.8% during the 2nd quarter. Fortis Group Advisors LLC now owns 11,976 shares of the company’s stock valued at $573,000 after purchasing an additional 868 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Simplify Interest Rate Hedge ETF by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 69,856 shares of the company’s stock worth $3,343,000 after buying an additional 874 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new position in Simplify Interest Rate Hedge ETF during the second quarter worth about $276,000.

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).