Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sees Significant Decline in Short Interest

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 640,802 shares, a drop of 45.5% from the September 30th total of 1,176,712 shares. Based on an average daily volume of 792,847 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in shares of Simplify Managed Futures Strategy ETF by 336.9% in 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 in the last quarter. Beaumont Financial Advisors LLC purchased a new position in Simplify Managed Futures Strategy ETF during the first quarter valued at approximately $15,140,000. Deane Retirement Strategies Inc. grew its position in Simplify Managed Futures Strategy ETF by 49.7% during the second quarter. Deane Retirement Strategies Inc. now owns 597,723 shares of the company’s stock valued at $15,506,000 after purchasing an additional 198,385 shares in the last quarter. Private Client Services LLC purchased a new position in Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $5,001,000. Finally, ALM First Financial Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF in the 3rd quarter valued at approximately $5,488,000.

Simplify Managed Futures Strategy ETF Trading Down 0.0%

CTA traded down $0.01 during trading on Friday, reaching $29.94. The company had a trading volume of 397,488 shares, compared to its average volume of 599,352. The firm’s 50-day simple moving average is $29.33 and its 200 day simple moving average is $28.94. Simplify Managed Futures Strategy ETF has a 12-month low of $25.39 and a 12-month high of $32.76.

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.