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 target of a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 7,440 shares, a decrease of 46.9% from the May 14th total of 14,024 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 68,422 shares, the short-interest ratio is presently 0.1 days.

Simplify Commodities Strategy No K-1 ETF Trading Down 1.3%

HARD traded down $0.41 during trading on Friday, hitting $31.91. 54,871 shares of the stock traded hands, compared to its average volume of 44,574. The firm has a 50-day moving average of $34.44 and a 200 day moving average of $32.58. Simplify Commodities Strategy No K-1 ETF has a 12-month low of $27.71 and a 12-month high of $37.63.

Institutional Investors Weigh In On Simplify Commodities Strategy No K-1 ETF

Several institutional investors and hedge funds have recently modified their holdings of HARD. Global Retirement Partners LLC lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 237.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,603 shares of the company’s stock worth $48,000 after purchasing an additional 1,128 shares during the period. CWM LLC lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 1,099.7% in the 4th quarter. CWM LLC now owns 3,839 shares of the company’s stock worth $114,000 after purchasing an additional 3,519 shares during the period. Straight Path Wealth Management lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 6.6% in the 4th quarter. Straight Path Wealth Management now owns 9,750 shares of the company’s stock worth $289,000 after purchasing an additional 600 shares during the period. Envestnet Asset Management Inc. lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 4.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 11,787 shares of the company’s stock worth $356,000 after purchasing an additional 453 shares during the period. Finally, Hilltop Holdings Inc. lifted its position in shares of Simplify Commodities Strategy No K-1 ETF by 6.6% in the 3rd quarter. Hilltop Holdings Inc. now owns 12,081 shares of the company’s stock worth $365,000 after purchasing an additional 747 shares during the period.

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.