Zazove Associates LLC Lowers Stock Holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX)

Zazove Associates LLC lessened its holdings in shares of Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 6.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,250 shares of the company’s stock after selling 1,100 shares during the quarter. Zazove Associates LLC’s holdings in Simplify Interest Rate Hedge ETF were worth $690,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Jane Street Group LLC lifted its position in Simplify Interest Rate Hedge ETF by 216.0% during the fourth quarter. Jane Street Group LLC now owns 2,742,712 shares of the company’s stock worth $196,406,000 after buying an additional 1,874,826 shares during the period. HighTower Advisors LLC increased its stake in shares of Simplify Interest Rate Hedge ETF by 503.7% during the 3rd quarter. HighTower Advisors LLC now owns 73,720 shares of the company’s stock valued at $7,031,000 after acquiring an additional 61,509 shares during the last quarter. Susquehanna International Group LLP purchased a new position in shares of Simplify Interest Rate Hedge ETF during the 1st quarter worth about $2,478,000. Envestnet Asset Management Inc. boosted its position in shares of Simplify Interest Rate Hedge ETF by 345.8% in the first quarter. Envestnet Asset Management Inc. now owns 51,480 shares of the company’s stock worth $3,138,000 after acquiring an additional 39,932 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in Simplify Interest Rate Hedge ETF in the first quarter valued at approximately $1,098,000.

Simplify Interest Rate Hedge ETF Stock Performance

PFIX stock traded down $2.08 on Wednesday, hitting $52.81. 130,739 shares of the company were exchanged, compared to its average volume of 139,013. The business’s fifty day moving average is $48.04 and its two-hundred day moving average is $66.31. Simplify Interest Rate Hedge ETF has a twelve month low of $37.83 and a twelve month high of $114.42.

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).