Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Up 234.9% in March

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 2,151,329 shares, an increase of 234.9% from the February 26th total of 642,442 shares. Currently, 4.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 748,937 shares, the short-interest ratio is currently 2.9 days.

Institutional Trading of Simplify Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently modified their holdings of CTA. Evolution Wealth Management Inc. acquired a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $31,000. WFA of San Diego LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth about $36,000. Comerica Bank raised its position in shares of Simplify Managed Futures Strategy ETF by 71,450.0% in the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock valued at $40,000 after buying an additional 1,429 shares during the last quarter. Private Trust Co. NA lifted its stake in shares of Simplify Managed Futures Strategy ETF by 86.7% during the fourth quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock valued at $50,000 after buying an additional 857 shares during the period. Finally, CoreCap Advisors LLC lifted its stake in shares of Simplify Managed Futures Strategy ETF by 34.0% during the third quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock valued at $55,000 after buying an additional 502 shares during the period.

Simplify Managed Futures Strategy ETF Stock Performance

Shares of CTA opened at $29.38 on Friday. Simplify Managed Futures Strategy ETF has a twelve month low of $26.36 and a twelve month high of $30.92. The firm’s 50-day moving average is $29.23 and its two-hundred day moving average is $28.12.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were paid a $0.15 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend was Tuesday, February 24th. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10.

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.