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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a significant decline in short interest in 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. Based on an average daily trading volume, of 521,440 shares, the short-interest ratio is presently 0.7 days. Approximately 0.6% of the shares of the company are short sold.

Simplify Managed Futures Strategy ETF Trading Down 0.3%

Shares of CTA stock traded down $0.07 during mid-day trading on Friday, reaching $25.88. The company’s stock had a trading volume of 730,124 shares, compared to its average volume of 623,686. The firm’s 50-day moving average is $28.95 and its two-hundred day moving average is $29.02. Simplify Managed Futures Strategy ETF has a 1-year low of $25.64 and a 1-year high of $32.76.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Simplify Managed Futures Strategy ETF by 336.9% during 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 grew its stake in shares of Simplify Managed Futures Strategy ETF by 12.6% in 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 stake in shares of 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 purchasing an additional 592,038 shares during the period. Boothe Investment Group Inc. raised its holdings in shares of 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 worth $52,550,000 after buying an additional 10,425 shares in the last quarter. Finally, LPL Financial LLC raised its holdings in shares of 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 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.