Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Short Interest Jumps 190.1%

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) saw a significant increase in short interest in September. As of September 30th, there was short interest totaling 1,176,712 shares, an increase of 190.1% from the September 15th total of 405,558 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 581,517 shares, the days-to-cover ratio is currently 2.0 days.

Simplify Managed Futures Strategy ETF Price Performance

Shares of CTA stock traded up $0.35 on Tuesday, hitting $29.97. The stock had a trading volume of 325,752 shares, compared to its average volume of 619,436. Simplify Managed Futures Strategy ETF has a 52-week low of $25.39 and a 52-week high of $32.76. The stock’s 50 day moving average is $28.51 and its 200-day moving average is $28.73.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Signature Equity Partners LLC grew its stake 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 buying an additional 767 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in shares of Simplify Managed Futures Strategy ETF in the first quarter worth about $28,000. Compass Financial Management LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 2nd quarter valued at about $26,000. Montgomery Financial Services LLC acquired a new position in Simplify Managed Futures Strategy ETF in the second quarter valued at about $33,000. Finally, Parallel Advisors LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF in the 1st quarter valued at $42,000.

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.