Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Down 90.5% in June

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 370,979 shares, a decline of 90.5% from the June 15th total of 3,904,732 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 521,440 shares, the days-to-cover ratio is currently 0.7 days.

Simplify Managed Futures Strategy ETF Trading Down 0.3%

Shares of NYSEARCA CTA traded down $0.07 during trading hours on Friday, hitting $25.88. The stock had a trading volume of 730,124 shares, compared to its average volume of 623,686. The firm’s 50-day moving average price is $28.95 and its two-hundred day moving average price is $29.02. Simplify Managed Futures Strategy ETF has a 52 week low of $25.64 and a 52 week high of $32.76.

Institutional Trading of Simplify Managed Futures Strategy ETF

Several large investors have recently added to or reduced their stakes in the business. Bank of America Corp DE increased its stake in shares of Simplify Managed Futures Strategy ETF by 336.9% in the first quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock worth $135,018,000 after purchasing an additional 3,445,308 shares during the period. CWM LLC boosted its stake in Simplify Managed Futures Strategy ETF by 12.6% during the 4th quarter. CWM LLC now owns 2,939,794 shares of the company’s stock valued at $80,139,000 after purchasing an additional 328,154 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Simplify Managed Futures Strategy ETF by 25.7% in 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 buying an additional 592,038 shares during the last quarter. Boothe Investment Group Inc. grew its holdings in Simplify Managed Futures Strategy ETF by 0.6% in the 1st quarter. Boothe Investment Group Inc. now owns 1,738,929 shares of the company’s stock valued at $52,550,000 after buying an additional 10,425 shares during the last quarter. Finally, LPL Financial LLC increased its position in Simplify Managed Futures Strategy ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock worth $29,232,000 after buying an additional 239,712 shares during the period.

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.