Short Interest in Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) Declines By 61.1%

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) was the target of a large drop in short interest in July. As of July 31st, there was short interest totaling 18,379 shares, a drop of 61.1% from the July 15th total of 47,229 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily volume of 31,555 shares, the short-interest ratio is presently 0.6 days.

Institutional Investors Weigh In On Simplify Commodities Strategy No K-1 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in HARD. Longview Financial Advisors Inc. lifted its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 4.7% during the 2nd quarter. Longview Financial Advisors Inc. now owns 240,644 shares of the company’s stock valued at $7,137,000 after buying an additional 10,861 shares during the period. Summit Global Investments purchased a new position in shares of Simplify Commodities Strategy No K-1 ETF in the first quarter worth approximately $418,000. Private Advisor Group LLC increased its holdings in Simplify Commodities Strategy No K-1 ETF by 25.4% during the first quarter. Private Advisor Group LLC now owns 32,810 shares of the company’s stock valued at $1,160,000 after buying an additional 6,643 shares during the last quarter. Park Edge Advisors LLC raised its position in Simplify Commodities Strategy No K-1 ETF by 8.2% in 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 grew its position in shares of Simplify Commodities Strategy No K-1 ETF by 7.0% during the 4th quarter. CreativeOne Wealth LLC now owns 52,131 shares of the company’s stock valued at $1,545,000 after acquiring an additional 3,404 shares during the period.

Simplify Commodities Strategy No K-1 ETF Stock Down 1.1%

Shares of NYSEARCA:HARD opened at $31.38 on Friday. Simplify Commodities Strategy No K-1 ETF has a 1 year low of $28.04 and a 1 year high of $37.63. The stock’s fifty day moving average price is $30.99 and its 200-day moving average price is $32.87.

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.