Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Up 83.4% in May

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,112,201 shares, an increase of 83.4% from the April 30th total of 606,315 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 536,263 shares, the short-interest ratio is presently 2.1 days.

Simplify Managed Futures Strategy ETF Stock Up 2.4%

Simplify Managed Futures Strategy ETF stock opened at $29.58 on Tuesday. The company has a 50 day moving average price of $30.37 and a 200-day moving average price of $28.97. Simplify Managed Futures Strategy ETF has a fifty-two week low of $26.36 and a fifty-two week high of $32.76.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Simplify Managed Futures Strategy ETF by 336.9% during the 1st quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock worth $135,018,000 after acquiring an additional 3,445,308 shares in the last quarter. CWM LLC boosted its stake in shares of 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 worth $80,139,000 after acquiring an additional 328,154 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Simplify Managed Futures Strategy ETF by 25.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock worth $80,162,000 after acquiring an additional 592,038 shares in the last quarter. Boothe Investment Group Inc. boosted its stake in shares of Simplify Managed Futures Strategy ETF by 0.6% during the 1st quarter. Boothe Investment Group Inc. now owns 1,738,929 shares of the company’s stock worth $52,550,000 after acquiring an additional 10,425 shares in the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Simplify Managed Futures Strategy ETF by 28.8% during the 4th quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock worth $29,232,000 after acquiring an additional 239,712 shares in the last quarter.

About Simplify Managed Futures Strategy ETF

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.