Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Reaches New 12-Month Low – Should You Sell?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares hit a new 52-week low during trading on Wednesday . The stock traded as low as $25.72 and last traded at $25.80, with a volume of 124853 shares trading hands. The stock had previously closed at $25.94.

Simplify Managed Futures Strategy ETF Stock Performance

The firm has a 50 day simple moving average of $29.54 and a two-hundred day simple moving average of $29.07.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

A number of institutional investors have recently modified their holdings of the business. Signature Equity Partners LLC lifted its position in shares of Simplify Managed Futures Strategy ETF by 639.2% during the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock worth $27,000 after buying an additional 767 shares during the last quarter. MBM Wealth Consultants LLC bought a new position in Simplify Managed Futures Strategy ETF in the first quarter valued at about $28,000. WFA of San Diego LLC bought a new position in Simplify Managed Futures Strategy ETF in the second quarter valued at about $36,000. Comerica Bank raised its stake in Simplify Managed Futures Strategy ETF by 71,450.0% during the third quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after acquiring an additional 1,429 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the first quarter worth about $42,000.

Simplify Managed Futures Strategy ETF Company Profile

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.