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

Simplify Commodities Strategy No K-1 ETF (NYSEARCA:HARD) was the recipient of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 9,683 shares, a drop of 48.7% from the December 15th total of 18,858 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 21,881 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 21,881 shares, the short-interest ratio is presently 0.4 days. Currently, 0.5% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HARD. Bluesphere Advisors LLC purchased a new position in shares of Simplify Commodities Strategy No K-1 ETF in the 2nd quarter valued at about $301,000. Mainstay Capital Management LLC ADV lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 61.1% during the 2nd quarter. Mainstay Capital Management LLC ADV now owns 162,454 shares of the company’s stock valued at $4,567,000 after acquiring an additional 61,590 shares during the period. IFP Advisors Inc acquired a new stake in shares of Simplify Commodities Strategy No K-1 ETF in the 2nd quarter worth approximately $64,000. Straight Path Wealth Management acquired a new stake in shares of Simplify Commodities Strategy No K-1 ETF in the 2nd quarter worth approximately $250,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in Simplify Commodities Strategy No K-1 ETF during the second quarter worth $564,000.

Simplify Commodities Strategy No K-1 ETF Stock Performance

Shares of HARD stock traded down $0.40 during trading hours on Friday, reaching $30.01. 37,728 shares of the company’s stock were exchanged, compared to its average volume of 12,648. The company’s 50 day moving average is $29.88 and its two-hundred day moving average is $29.86. Simplify Commodities Strategy No K-1 ETF has a 1 year low of $27.31 and a 1 year high of $33.65.

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.