Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) Sees Significant Growth in Short Interest

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 39,331 shares, a growth of 1,011.7% from the September 15th total of 3,538 shares. Based on an average daily volume of 27,780 shares, the days-to-cover ratio is presently 1.4 days. Currently, 2.4% of the company’s stock are sold short.

Simplify Commodities Strategy No K-1 ETF Stock Performance

Shares of HARD traded down $0.29 during trading on Friday, reaching $34.11. The company’s stock had a trading volume of 3,412 shares, compared to its average volume of 43,180. The company has a fifty day moving average of $33.40 and a two-hundred day moving average of $33.19. Simplify Commodities Strategy No K-1 ETF has a twelve month low of $28.52 and a twelve month high of $37.63.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in HARD. Whalen Wealth Management Inc. bought a new stake in shares of Simplify Commodities Strategy No K-1 ETF during the 3rd quarter valued at about $1,090,000. Longview Financial Advisors Inc. boosted its stake in Simplify Commodities Strategy No K-1 ETF by 5.7% in the first quarter. Longview Financial Advisors Inc. now owns 229,783 shares of the company’s stock valued at $8,127,000 after acquiring an additional 12,343 shares during the period. Summit Global Investments acquired a new position in Simplify Commodities Strategy No K-1 ETF in the first quarter valued at approximately $418,000. Private Advisor Group LLC grew its holdings in shares of 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 purchasing an additional 6,643 shares during the last quarter. Finally, Park Edge Advisors LLC grew its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 8.2% during the first quarter. Park Edge Advisors LLC now owns 53,492 shares of the company’s stock valued at $1,892,000 after purchasing an additional 4,042 shares during the last quarter.

About Simplify Commodities Strategy No K-1 ETF

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.