Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) Shares Sold by Park Edge Advisors LLC

Park Edge Advisors LLC lowered its holdings in Simplify Interest Rate Hedge ETF (NYSEARCA:PFIX) by 79.7% during the third quarter, Holdings Channel reports. The fund owned 13,221 shares of the company’s stock after selling 51,782 shares during the quarter. Park Edge Advisors LLC’s holdings in Simplify Interest Rate Hedge ETF were worth $544,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new stake in Simplify Interest Rate Hedge ETF in the first quarter valued at $51,000. Comerica Bank grew its holdings in Simplify Interest Rate Hedge ETF by 41.6% during the first quarter. Comerica Bank now owns 1,361 shares of the company’s stock worth $61,000 after acquiring an additional 400 shares during the period. Fortis Capital Advisors LLC purchased a new position in Simplify Interest Rate Hedge ETF during the second quarter valued at approximately $276,000. Sanctuary Advisors LLC acquired a new position in Simplify Interest Rate Hedge ETF in the second quarter valued at approximately $300,000. Finally, Fortis Group Advisors LLC acquired a new position in Simplify Interest Rate Hedge ETF in the first quarter valued at approximately $498,000.

Simplify Interest Rate Hedge ETF Price Performance

Shares of NYSEARCA PFIX traded down $0.19 during midday trading on Friday, reaching $48.52. 35,383 shares of the stock were exchanged, compared to its average volume of 94,463. The firm has a 50-day simple moving average of $42.28 and a two-hundred day simple moving average of $46.01. Simplify Interest Rate Hedge ETF has a twelve month low of $37.00 and a twelve month high of $110.40.

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).