Short Interest in Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) Declines By 46.9%

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,440 shares, a drop of 46.9% from the May 14th total of 14,024 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 68,422 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Simplify Commodities Strategy No K-1 ETF

Several large investors have recently added to or reduced their stakes in HARD. Global Retirement Partners LLC increased its holdings in Simplify Commodities Strategy No K-1 ETF by 237.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,603 shares of the company’s stock valued at $48,000 after purchasing an additional 1,128 shares in the last quarter. CWM LLC increased its holdings in Simplify Commodities Strategy No K-1 ETF by 1,099.7% in the 4th quarter. CWM LLC now owns 3,839 shares of the company’s stock valued at $114,000 after purchasing an additional 3,519 shares in the last quarter. Straight Path Wealth Management increased its holdings in Simplify Commodities Strategy No K-1 ETF by 6.6% in the 4th quarter. Straight Path Wealth Management now owns 9,750 shares of the company’s stock valued at $289,000 after purchasing an additional 600 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Simplify Commodities Strategy No K-1 ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,787 shares of the company’s stock valued at $356,000 after purchasing an additional 453 shares in the last quarter. Finally, Hilltop Holdings Inc. increased its holdings in Simplify Commodities Strategy No K-1 ETF by 6.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,081 shares of the company’s stock valued at $365,000 after purchasing an additional 747 shares in the last quarter.

Simplify Commodities Strategy No K-1 ETF Trading Down 1.6%

Shares of HARD traded down $0.52 during trading hours on Tuesday, hitting $31.19. The stock had a trading volume of 114,757 shares, compared to its average volume of 45,327. The company’s fifty day simple moving average is $34.36 and its 200 day simple moving average is $32.63. Simplify Commodities Strategy No K-1 ETF has a 12-month low of $27.71 and a 12-month high of $37.63.

Simplify Commodities Strategy No K-1 ETF Company Profile

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.