Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Down 76.6% in April

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 788,950 shares, a drop of 76.6% from the March 31st total of 3,375,695 shares. Based on an average daily trading volume, of 972,285 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.5% of the shares of the company are sold short.

Simplify Managed Futures Strategy ETF Stock Performance

NYSEARCA:CTA traded down $0.07 during trading hours on Friday, reaching $30.25. The stock had a trading volume of 1,169,113 shares, compared to its average volume of 678,110. The stock has a 50 day simple moving average of $29.89 and a 200 day simple moving average of $28.43. Simplify Managed Futures Strategy ETF has a 12-month low of $26.36 and a 12-month high of $31.28.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were given a $0.15 dividend. This is an increase from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Trading of Simplify Managed Futures Strategy ETF

Large investors have recently bought and sold shares of the company. MBM Wealth Consultants LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the first quarter worth $28,000. WFA of San Diego LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the second quarter worth $36,000. Comerica Bank increased its position in Simplify Managed Futures Strategy ETF by 71,450.0% in the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after buying an additional 1,429 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Simplify Managed Futures Strategy ETF by 86.7% in the fourth quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock worth $50,000 after acquiring an additional 857 shares during the period. Finally, CoreCap Advisors LLC boosted its holdings in shares of Simplify Managed Futures Strategy ETF by 34.0% in the third quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock worth $55,000 after acquiring an additional 502 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.