Simplify Interest Rate Hedge ETF (PFIX)

Simplify Interest Rate Hedge ETF is trading at $55.87, down 1.43% on the session. The 50 day average sits at $56.36 and the 200 day at $48.93, which puts the stock in a uptrend. RSI is at 39.9, which reads as weak, and MACD is bearish crossover. Volume is below average.

The nearest support is around $51.31 with resistance near $68.11, so that band frames the current range. Average daily movement is roughly $1.80, or about 3.2% of the share price, which is what any stop placement has to allow for. The overall health score of 55 out of 100 combines a trend score of 77, momentum of 29 and a risk score of 57.

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.