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

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 3,538 shares, a drop of 39.9% from the August 31st total of 5,882 shares. Based on an average daily trading volume, of 28,027 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the company’s shares are short sold.

Simplify Commodities Strategy No K-1 ETF Price Performance

Shares of HARD traded down $0.69 during mid-day trading on Friday, hitting $33.64. The company had a trading volume of 3,543 shares, compared to its average volume of 44,028. Simplify Commodities Strategy No K-1 ETF has a 1-year low of $28.52 and a 1-year high of $37.63. The business’s 50-day simple moving average is $33.11 and its 200-day simple moving average is $33.23.

Institutional Trading of Simplify Commodities Strategy No K-1 ETF

Several institutional investors have recently made changes to their positions in the stock. Straight Path Wealth Management increased its stake in Simplify Commodities Strategy No K-1 ETF by 6.6% during the fourth quarter. Straight Path Wealth Management now owns 9,750 shares of the company’s stock worth $289,000 after acquiring an additional 600 shares during the last quarter. Park Edge Advisors LLC grew its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 8.2% during the 1st quarter. Park Edge Advisors LLC now owns 53,492 shares of the company’s stock worth $1,892,000 after purchasing an additional 4,042 shares during the period. Private Advisor Group LLC grew its holdings in shares of Simplify Commodities Strategy No K-1 ETF by 25.4% during the 1st quarter. Private Advisor Group LLC now owns 32,810 shares of the company’s stock worth $1,160,000 after purchasing an additional 6,643 shares during the period. Longview Financial Advisors Inc. increased its position in Simplify Commodities Strategy No K-1 ETF by 4.7% during the 2nd quarter. Longview Financial Advisors Inc. now owns 240,644 shares of the company’s stock worth $7,137,000 after purchasing an additional 10,861 shares in the last quarter. Finally, Summit Global Investments purchased a new position in Simplify Commodities Strategy No K-1 ETF in the 1st quarter worth approximately $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.