Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) Sees Significant Increase in Short Interest

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 32,866 shares, a growth of 341.7% from the May 31st total of 7,440 shares. Based on an average trading volume of 41,539 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Simplify Commodities Strategy No K-1 ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of HARD. Longview Financial Advisors Inc. raised its position in Simplify Commodities Strategy No K-1 ETF by 5.7% during the 1st quarter. Longview Financial Advisors Inc. now owns 229,783 shares of the company’s stock worth $8,127,000 after buying an additional 12,343 shares during the last quarter. AE Wealth Management LLC increased its stake in shares of Simplify Commodities Strategy No K-1 ETF by 5,711.4% during the fourth quarter. AE Wealth Management LLC now owns 136,103 shares of the company’s stock worth $4,034,000 after acquiring an additional 133,761 shares during the period. Encompass More Asset Management increased its stake in shares of Simplify Commodities Strategy No K-1 ETF by 13.4% during the fourth quarter. Encompass More Asset Management now owns 101,748 shares of the company’s stock worth $3,016,000 after acquiring an additional 11,997 shares during the period. Park Edge Advisors LLC increased its stake in shares of Simplify Commodities Strategy No K-1 ETF by 8.2% during the first quarter. Park Edge Advisors LLC now owns 53,492 shares of the company’s stock worth $1,892,000 after acquiring an additional 4,042 shares during the period. Finally, CreativeOne Wealth LLC raised its holdings in Simplify Commodities Strategy No K-1 ETF by 7.0% during the fourth quarter. CreativeOne Wealth LLC now owns 52,131 shares of the company’s stock worth $1,545,000 after purchasing an additional 3,404 shares in the last quarter.

Simplify Commodities Strategy No K-1 ETF Trading Down 0.9%

Shares of NYSEARCA:HARD traded down $0.28 during trading on Friday, reaching $29.61. The company had a trading volume of 31,041 shares, compared to its average volume of 48,223. The stock’s fifty day moving average price is $33.70 and its 200 day moving average price is $32.68. Simplify Commodities Strategy No K-1 ETF has a fifty-two week low of $27.75 and a fifty-two week high of $37.63.

About Simplify Commodities Strategy No K-1 ETF

The Simplify Commodities Strategy No K-1 ETF (HARD) is an exchange-traded fund that mostly invests in broad market commodities. The fund is an actively managed ETF that targets futures contracts on hard commodities, making use of long\u002Fshort models, anticipated to perform positivelyduring inflationary periods. HARD was launched on Mar 27, 2023 and is managed by Simplify.