Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sees Large Increase in Short Interest

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,112,201 shares, an increase of 83.4% from the April 30th total of 606,315 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 536,263 shares, the days-to-cover ratio is currently 2.1 days.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 336.9% during the 1st quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock valued at $135,018,000 after buying an additional 3,445,308 shares during the last quarter. CWM LLC lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 12.6% during the 4th quarter. CWM LLC now owns 2,939,794 shares of the company’s stock valued at $80,139,000 after buying an additional 328,154 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 25.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock valued at $80,162,000 after buying an additional 592,038 shares during the last quarter. Boothe Investment Group Inc. lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 0.6% during the 1st quarter. Boothe Investment Group Inc. now owns 1,738,929 shares of the company’s stock valued at $52,550,000 after buying an additional 10,425 shares during the last quarter. Finally, LPL Financial LLC lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock valued at $29,232,000 after buying an additional 239,712 shares during the last quarter.

Simplify Managed Futures Strategy ETF Trading Up 0.5%

Shares of Simplify Managed Futures Strategy ETF stock opened at $29.90 on Thursday. Simplify Managed Futures Strategy ETF has a 52-week low of $26.36 and a 52-week high of $32.76. The stock has a 50-day simple moving average of $30.38 and a 200-day simple moving average of $29.00.

About Simplify Managed Futures Strategy ETF

The Simplify Managed Futures Strategy ETF (CTA) is an exchange-traded fund that mostly invests in global macro alternatives. The fund seeks absolute returns that have low correlation to the equities market. The actively managed fund uses futures in commodity, currency, and fixed income. CTA was launched on Mar 7, 2022 and is managed by Simplify.