Simplify Short Term Treasury Futures Strategy ETF (TUA)Long Government | Exchange Traded Fund | NYSEArca
19.38 USD
+0.02
(0.129%)
⇧
(Oct. 16, 2026, 2:19 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 5:54 a.m. EDT
The Simplify Short Term Treasury Futures Strategy ETF presents a classic case of a defensive asset caught in a secular downtrend, currently trading near its 52-week lows despite a modest 3.26% yield. While the dividend is reliable and consistent, the underlying business quality is deteriorating; the fund has failed to generate capital appreciation for two consecutive years, with the trailing 24-month performance essentially flat but the most recent annual return negative. This multi-year stagnation suggests the market views the strategy as ineffective in the current rate environment. However, the short-term outlook looks significantly better due to a massive divergence between fundamentals and sentiment. Options data reveals a speculative frenzy: traders are positioning aggressively for a rally, with open interest concentrated entirely in calls above the current price, while put writing is virtually non-existent. This 'naked call' positioning implies a strong belief in a bounce, likely driven by expectations of a pivot in interest rates or a correction in the futures curve. The statistical forecast models also lean slightly negative, but this is likely noise given the strength of the options flow. For investors, the thesis here is contrarian. The long-term rating remains neutral-to-bearish because the strategy has proven unable to generate alpha over the last two years, and there is no guarantee it will succeed in the future. However, the short-term setup offers a compelling entry point for a tactical trade. The heavy call positioning acts as a self-fulfilling prophecy catalyst, and the price is already discounted for further downside. A buy-the-dip approach makes sense now, but it is strictly a momentum play on a potential rate pivot, not a buy-and-hold recommendation. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.012582 |
| AutoTheta | 0.015014 |
| MSTL | 0.015028 |
| AutoETS | 0.015170 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 62% |
| H-stat | 20.32 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.019 |
| Excess Kurtosis | 0.17 |
As of Oct. 10, 2026, 5:54 a.m. EDT: Speculators are overwhelmingly bullish, with open interest heavily skewed toward calls (OTM % near 100%) compared to negligible put activity. The bulk of call positioning sits at strikes above the current price ($20-$21), suggesting bets for a rebound to $21+, while put writers are taking on significant risk at the $21 strike, indicating a view that downside protection is unnecessary in the near term.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.25% | 2.56% | 4.01% | — |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-26 | 0.050 | 0.245519 |
| 2026-07-28 | 0.050 | 0.247464 |
| 2026-06-25 | 0.050 | 0.244141 |
| 2026-05-26 | 0.050 | 0.242601 |
| 2026-04-27 | 0.050 | 0.237192 |
| 2026-03-26 | 0.050 | 0.242014 |
| 2026-02-24 | 0.030 | 0.136986 |
| 2026-01-27 | 0.020 | 0.092166 |
| 2025-12-23 | 0.110 | 0.505282 |
| 2025-11-21 | 0.050 | 0.227169 |
| 2025-10-28 | 0.030 | 0.135685 |
| 2025-09-25 | 0.060 | 0.275482 |
| 2025-08-26 | 0.080 | 0.365297 |
| 2025-07-28 | 0.100 | 0.464900 |
| 2025-06-25 | 0.100 | 0.456204 |
| 2025-05-27 | 0.080 | 0.370028 |
| 2025-04-25 | 0.080 | 0.361174 |
| 2025-03-26 | 0.050 | 0.230627 |
| 2025-02-25 | 0.050 | 0.232019 |
| 2025-01-28 | 0.050 | 0.234192 |
| 2024-12-23 | 0.101 | 0.480266 |
| 2024-11-25 | 0.100 | 0.467946 |
| 2024-10-28 | 0.100 | 0.458926 |
| 2024-09-25 | 0.080 | 0.344976 |
| 2024-08-27 | 0.100 | 0.439947 |
| 2024-07-26 | 0.100 | 0.457457 |
| 2024-06-25 | 0.100 | 0.467071 |
| 2024-05-24 | 0.100 | 0.476190 |
| 2024-04-25 | 0.100 | 0.476872 |
| 2024-03-25 | 0.020 | 0.091199 |
| 2024-02-26 | 0.100 | 0.457038 |
| 2024-01-26 | 0.100 | 0.440335 |
| 2023-12-26 | 0.118 | 0.512375 |
| 2023-11-27 | 0.100 | 0.453104 |
| 2023-10-26 | 0.100 | 0.459770 |
| 2023-08-28 | 0.100 | 0.452694 |
| 2023-07-26 | 0.100 | 0.442674 |
| 2023-06-27 | 0.100 | 0.435161 |
| 2023-05-25 | 0.100 | 0.418585 |
| 2023-04-25 | 0.100 | 0.390869 |
| 2023-03-27 | 0.100 | 0.391083 |
| 2023-02-23 | 0.100 | 0.418760 |
| 2023-01-26 | 0.100 | 0.396983 |
| 2022-12-27 | 0.037 | 0.148207 |
| Attribute | Value |
|---|---|
| All Time High | 26.64 |
| All Time Low | 18.9 |
| Ask | 19.38 |
| Ask Size | 500 |
| Average Daily Volume10 Day | 219,290 |
| Average Daily Volume3 Month | 346,198 |
| Average Volume | 346,198 |
| Average Volume10Days | 219,290 |
| Beta3 Year | 1.33 |
| Bid | 19.37 |
| Bid Size | 1,900 |
| Category | Long Government |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 19.445 |
| Day Low | 19.31 |
| Display Name | Short Trsy Futures Strat ETF |
| Dividend Yield | 3.26 |
| Esg Populated | 0 |
| Exchange | PCX |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 19.76066 |
| Fifty Day Average Change | -0.38566017 |
| Fifty Day Average Change Percent | -0.019516563 |
| Fifty Two Week Change Percent | -12.91629 |
| Fifty Two Week High | 22.26 |
| Fifty Two Week High Change | -2.8850002 |
| Fifty Two Week High Change Percent | -0.12960468 |
| Fifty Two Week Low | 18.9 |
| Fifty Two Week Low Change | 0.47500038 |
| Fifty Two Week Low Change Percent | 0.025132297 |
| Fifty Two Week Range | 18.9 - 22.26 |
| First Trade Date Milliseconds | 1,668,609,000,000 |
| Full Exchange Name | NYSEArca |
| Fullday Change | 0.024999619 |
| Fullday Change Percent | 0.12919699 |
| Fullday Price | 19.375 |
| Fund Family | Simplify Asset Management |
| Fund Inception Date | 1,668,384,000 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests primarily in futures contracts, call options, and put options on U.S. Treasury futures, U.S. government securities, such as bills, notes and bonds issued by the U.S. Treasury or fixed income ETFs that invest in U.S. Treasuries. The fund will hold cash and cash-like instruments or high-quality short term fixed income securities. |
| Long Name | Simplify Short Term Treasury Futures Strategy ETF |
| Market | us_market |
| Market State | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1803863538 |
| Nav Price | 19.253 |
| Net Assets | 447,534,688.0 |
| Net Expense Ratio | 0.25 |
| Open | 19.34 |
| Phone | 614-469-3294 |
| Previous Close | 19.35 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.024999619 |
| Regular Market Change Percent | 0.12919699 |
| Regular Market Day High | 19.445 |
| Regular Market Day Low | 19.31 |
| Regular Market Day Range | 19.31 - 19.445 |
| Regular Market Open | 19.34 |
| Regular Market Previous Close | 19.35 |
| Regular Market Price | 19.375 |
| Regular Market Time | 1,792,174,793 |
| Regular Market Volume | 76,693 |
| Short Name | Simplify Short Term Treasury Fu |
| Source Interval | 15 |
| Symbol | TUA |
| Three Year Average Return | -0.0016237999 |
| Total Assets | 447,534,688 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -6.12541 |
| Trailing Three Month Returns | -6.12541 |
| Triggerable | 1 |
| Two Hundred Day Average | 20.7344 |
| Two Hundred Day Average Change | -1.3593998 |
| Two Hundred Day Average Change Percent | -0.06556253 |
| Type Disp | ETF |
| Volume | 76,693 |
| Yield | 0.0326 |
| Ytd Return | -11.34541 |