Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Short Interest Up 56.9% in March

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totaling 3,375,695 shares, an increase of 56.9% from the March 15th total of 2,151,329 shares. Approximately 6.9% of the company’s stock are sold short. Based on an average daily volume of 1,165,771 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Simplify Managed Futures Strategy ETF by 39.5% during the 4th quarter. Brighton Jones LLC now owns 27,251 shares of the company’s stock worth $760,000 after purchasing an additional 7,710 shares during the last quarter. Royal Bank of Canada grew its holdings in Simplify Managed Futures Strategy ETF by 86.3% during the first quarter. Royal Bank of Canada now owns 104,993 shares of the company’s stock worth $3,108,000 after purchasing an additional 48,646 shares during the period. NewEdge Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the first quarter worth approximately $321,000. Northwestern Mutual Wealth Management Co. acquired a new position in Simplify Managed Futures Strategy ETF during the second quarter worth approximately $88,000. Finally, Baird Financial Group Inc. raised its stake in Simplify Managed Futures Strategy ETF by 164.0% in the second quarter. Baird Financial Group Inc. now owns 74,832 shares of the company’s stock valued at $2,001,000 after buying an additional 46,482 shares during the period.

Simplify Managed Futures Strategy ETF Trading Down 0.2%

Shares of Simplify Managed Futures Strategy ETF stock opened at $29.30 on Thursday. Simplify Managed Futures Strategy ETF has a 12-month low of $26.36 and a 12-month high of $31.28. The business’s 50 day moving average is $29.76 and its 200-day moving average is $28.35.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, February 24th. This is a positive change 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 6.1%.

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.