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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 748,786 shares, a growth of 168.5% from the August 15th total of 278,928 shares. Currently, 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 416,940 shares, the short-interest ratio is presently 1.8 days.

Simplify Managed Futures Strategy ETF Price Performance

CTA opened at $30.29 on Friday. Simplify Managed Futures Strategy ETF has a fifty-two week low of $25.39 and a fifty-two week high of $32.76. The stock has a fifty day moving average of $27.45 and a 200-day moving average of $28.85.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

A number of hedge funds have recently bought and sold shares of the business. Signature Equity Partners LLC boosted its holdings in Simplify Managed Futures Strategy ETF by 639.2% in the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock valued at $27,000 after purchasing an additional 767 shares during the period. MBM Wealth Consultants LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the first quarter worth approximately $28,000. Compass Financial Management LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter valued at approximately $26,000. Montgomery Financial Services LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter valued at approximately $33,000. Finally, WFA of San Diego LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF in the second quarter valued at approximately $36,000.

Simplify Managed Futures Strategy ETF Company Profile

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.