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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 3,401,605 shares, an increase of 205.8% from the May 14th total of 1,112,201 shares. Currently, 6.5% of the company’s shares are sold short. Based on an average daily volume of 639,415 shares, the days-to-cover ratio is presently 5.3 days.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Several large investors have recently modified their holdings of CTA. Bank of America Corp DE increased its position 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 purchasing an additional 3,445,308 shares during the last quarter. Independence Wealth Advisors LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the 4th quarter valued at approximately $24,263,000. IAG Wealth Partners LLC bought a new position in shares of Simplify Managed Futures Strategy ETF during the 3rd quarter valued at approximately $21,713,000. Wealth Enhancement Advisory Services LLC increased its position 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 purchasing an additional 592,038 shares during the last quarter. Finally, Assetmark Inc. bought a new position in shares of Simplify Managed Futures Strategy ETF during the 4th quarter valued at approximately $15,373,000.

Simplify Managed Futures Strategy ETF Stock Performance

Shares of NYSEARCA CTA traded down $0.35 during trading hours on Friday, hitting $28.25. 480,648 shares of the company traded hands, compared to its average volume of 634,768. The company’s 50 day moving average price is $30.27 and its 200 day moving average price is $29.08. Simplify Managed Futures Strategy ETF has a 12 month low of $26.36 and a 12 month high of $32.76.

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.