Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) Short Interest Down 46.9% in May

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 7,440 shares, a drop of 46.9% from the May 14th total of 14,024 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 68,422 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Commodities Strategy No K-1 ETF Price Performance

HARD stock traded down $0.20 during midday trading on Monday, reaching $31.71. The stock had a trading volume of 60,599 shares, compared to its average volume of 44,715. The business has a fifty day simple moving average of $34.36 and a two-hundred day simple moving average of $32.63. Simplify Commodities Strategy No K-1 ETF has a twelve month low of $27.71 and a twelve month high of $37.63.

Hedge Funds Weigh In On Simplify Commodities Strategy No K-1 ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC boosted its holdings in Simplify Commodities Strategy No K-1 ETF by 237.5% during the fourth quarter. Global Retirement Partners LLC now owns 1,603 shares of the company’s stock worth $48,000 after buying an additional 1,128 shares during the last quarter. CWM LLC lifted its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 1,099.7% during the 4th quarter. CWM LLC now owns 3,839 shares of the company’s stock valued at $114,000 after purchasing an additional 3,519 shares in the last quarter. Straight Path Wealth Management lifted its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 6.6% during the 4th quarter. Straight Path Wealth Management now owns 9,750 shares of the company’s stock valued at $289,000 after purchasing an additional 600 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 4.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 11,787 shares of the company’s stock valued at $356,000 after purchasing an additional 453 shares in the last quarter. Finally, Summit Global Investments bought a new position in shares of Simplify Commodities Strategy No K-1 ETF during the 1st quarter valued at about $418,000.

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.