Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Short Interest Falls 45.5%

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) saw a significant drop in short interest in 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 trading volume, of 792,847 shares, the short-interest ratio is presently 0.8 days. Approximately 1.3% of the shares of the stock are short sold.

Simplify Managed Futures Strategy ETF Price Performance

CTA stock traded down $1.92 during midday trading on Monday, reaching $28.02. The company had a trading volume of 943,013 shares, compared to its average volume of 600,996. Simplify Managed Futures Strategy ETF has a 1 year low of $25.39 and a 1 year high of $32.76. The firm has a 50-day moving average price of $29.33 and a 200-day moving average price of $28.94.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CTA. Pekin Hardy Strauss Inc. bought a new stake in Simplify Managed Futures Strategy ETF during the 3rd quarter valued at approximately $2,283,000. Kestra Advisory Services LLC raised its position in shares of Simplify Managed Futures Strategy ETF by 24.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 236,380 shares of the company’s stock worth $6,817,000 after acquiring an additional 46,489 shares in the last quarter. Claro Advisors Inc. lifted its stake in shares of Simplify Managed Futures Strategy ETF by 114.9% in the 3rd quarter. Claro Advisors Inc. now owns 52,504 shares of the company’s stock valued at $1,514,000 after purchasing an additional 28,067 shares during the period. Integrity Alliance LLC. purchased a new position in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter valued at approximately $2,148,000. Finally, Keeler Thomas Management LLC lifted its stake in shares of Simplify Managed Futures Strategy ETF by 44.3% in the 3rd quarter. Keeler Thomas Management LLC now owns 15,913 shares of the company’s stock valued at $459,000 after purchasing an additional 4,885 shares during the period.

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.