Simplify Interest Rate Hedge ETF (PFIX)

Simplify Interest Rate Hedge ETF is trading at $54.26, up 0.63% on the session. The 50 day average sits at $47.18 and the 200 day at $n/a, which puts the stock in a mixed technical position. RSI is at 61.7, which reads as strong, and MACD is bearish crossover. Volume is above average.

The nearest support is around $49.59 with resistance near $52.95, so that band frames the current range. Average daily movement is roughly $1.18, or about 2.2% of the share price, which is what any stop placement has to allow for. The overall health score of 64 out of 100 combines a trend score of 72, momentum of 60 and a risk score of 55.

The adviser seeks to achieve the fund’s investment objective by allocating the fund’s assets approximately equally between: interest rate related derivatives and interest income producing debt instruments. The adviser seeks to achieve the interest rate hedging aspect of the fund’s investment objective by investing in swaptions, interest rate options, and Treasury futures. The fund is non-diversified.