Short Interest in Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Rises By 187.1%

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 642,442 shares, an increase of 187.1% from the February 12th total of 223,801 shares. Based on an average daily volume of 341,844 shares, the days-to-cover ratio is presently 1.9 days. Currently, 1.5% of the shares of the stock are sold short. Currently, 1.5% of the shares of the stock are sold short. Based on an average daily volume of 341,844 shares, the days-to-cover ratio is presently 1.9 days.

Simplify Managed Futures Strategy ETF Trading Down 0.5%

Shares of CTA traded down $0.16 during midday trading on Wednesday, hitting $30.27. 275,124 shares of the company traded hands, compared to its average volume of 465,641. The stock has a 50-day moving average of $28.68 and a 200-day moving average of $27.94. Simplify Managed Futures Strategy ETF has a one year low of $26.36 and a one year high of $30.50.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were paid a dividend of $0.15 per share. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) annualized dividend and a yield of 5.9%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Trading of Simplify Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently bought and sold shares of the company. CWM LLC grew its position in Simplify Managed Futures Strategy ETF by 12.6% in the fourth quarter. CWM LLC now owns 2,939,794 shares of the company’s stock worth $80,139,000 after acquiring an additional 328,154 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Simplify Managed Futures Strategy ETF by 25.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock valued at $80,162,000 after purchasing an additional 592,038 shares in the last quarter. Boothe Investment Group Inc. raised its position in Simplify Managed Futures Strategy ETF by 9.9% during the fourth quarter. Boothe Investment Group Inc. now owns 1,728,504 shares of the company’s stock valued at $47,119,000 after purchasing an additional 156,382 shares in the last quarter. Bank of America Corp DE lifted its stake in Simplify Managed Futures Strategy ETF by 0.8% during the second quarter. Bank of America Corp DE now owns 1,727,721 shares of the company’s stock worth $46,199,000 after purchasing an additional 12,920 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Simplify Managed Futures Strategy ETF by 28.8% in the 4th quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock worth $29,232,000 after purchasing an additional 239,712 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.