Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Short Interest Drops 45.8%

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 405,558 shares, a drop of 45.8% from the August 31st total of 748,786 shares. Based on an average daily volume of 1,036,387 shares, the short-interest ratio is presently 0.4 days. Approximately 0.8% of the company’s shares are sold short.

Simplify Managed Futures Strategy ETF Price Performance

Shares of NYSEARCA:CTA traded up $0.48 during midday trading on Wednesday, reaching $28.81. 690,540 shares of the company were exchanged, compared to its average volume of 605,579. Simplify Managed Futures Strategy ETF has a one year low of $25.39 and a one year high of $32.76. The business’s fifty day moving average is $28.18 and its two-hundred day moving average is $28.80.

Institutional Investors 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 increased its position in Simplify Managed Futures Strategy ETF by 639.2% in the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock valued at $27,000 after acquiring an additional 767 shares during the period. CAP Partners LLC lifted its stake in Simplify Managed Futures Strategy ETF by 5.3% in the first quarter. CAP Partners LLC now owns 15,642 shares of the company’s stock worth $473,000 after purchasing an additional 782 shares during the last quarter. MBM Wealth Consultants LLC purchased a new stake in Simplify Managed Futures Strategy ETF during the 1st quarter valued at about $28,000. Compass Financial Management LLC purchased a new stake in Simplify Managed Futures Strategy ETF during the 2nd quarter valued at about $26,000. Finally, Professional Financial Advisors LLC raised its holdings in shares of Simplify Managed Futures Strategy ETF by 1.5% in the 2nd quarter. Professional Financial Advisors LLC now owns 77,564 shares of the company’s stock valued at $2,012,000 after purchasing an additional 1,127 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.