Drum Hill Capital LLC Buys 29,592 Shares of Simplify Interest Rate Hedge ETF $PFIX

Drum Hill Capital LLC lifted its stake in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 25.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 143,638 shares of the company’s stock after purchasing an additional 29,592 shares during the period. Simplify Interest Rate Hedge ETF comprises 6.1% of Drum Hill Capital LLC’s investment portfolio, making the stock its 5th biggest position. Drum Hill Capital LLC owned about 3.21% of Simplify Interest Rate Hedge ETF worth $6,640,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFIX. Raymond James Financial Inc. acquired a new stake in Simplify Interest Rate Hedge ETF in the 2nd quarter worth about $53,000. Ausdal Financial Partners Inc. acquired a new stake in shares of Simplify Interest Rate Hedge ETF in the second quarter worth approximately $650,000. Jane Street Group LLC increased its position in shares of Simplify Interest Rate Hedge ETF by 2.6% during the second quarter. Jane Street Group LLC now owns 416,853 shares of the company’s stock worth $22,027,000 after purchasing an additional 10,631 shares in the last quarter. Osaic Holdings Inc. raised its stake in Simplify Interest Rate Hedge ETF by 23.9% in the 2nd quarter. Osaic Holdings Inc. now owns 11,233 shares of the company’s stock valued at $594,000 after purchasing an additional 2,170 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in Simplify Interest Rate Hedge ETF by 1,285.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 831 shares of the company’s stock valued at $40,000 after purchasing an additional 771 shares during the last quarter.

Simplify Interest Rate Hedge ETF Stock Performance

Shares of PFIX stock opened at $41.85 on Friday. Simplify Interest Rate Hedge ETF has a fifty-two week low of $41.37 and a fifty-two week high of $61.20. The stock’s fifty day moving average is $46.59 and its two-hundred day moving average is $46.43.

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.