Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Up 205.8% in May

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 3,401,605 shares, an increase of 205.8% from the May 14th total of 1,112,201 shares. Approximately 6.5% of the shares of the company are short sold. Based on an average daily trading volume, of 639,415 shares, the short-interest ratio is currently 5.3 days.

Simplify Managed Futures Strategy ETF Trading Down 1.9%

Shares of NYSEARCA CTA opened at $28.60 on Friday. The stock has a 50 day simple moving average of $30.29 and a 200-day simple moving average of $29.08. Simplify Managed Futures Strategy ETF has a 12-month low of $26.36 and a 12-month high of $32.76.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Several hedge funds and other institutional investors have recently made changes to their positions in CTA. Signature Equity Partners LLC boosted its position in shares of Simplify Managed Futures Strategy ETF by 639.2% during the first quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock worth $27,000 after buying an additional 767 shares during the period. MBM Wealth Consultants LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF during the first quarter worth approximately $28,000. WFA of San Diego LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF during the second quarter worth approximately $36,000. Comerica Bank boosted its position in shares of Simplify Managed Futures Strategy ETF by 71,450.0% during the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after buying an additional 1,429 shares during the period. Finally, Parallel Advisors LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF during the first quarter worth approximately $42,000.

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.