Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Price Down 3.3% – Time to Sell?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) shares dropped 3.3% during trading on Monday . The stock traded as low as $27.17 and last traded at $27.20. 34,187 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 602,874 shares. The stock had previously closed at $28.12.

Simplify Managed Futures Strategy ETF Stock Performance

The stock has a fifty day simple moving average of $27.98 and a 200-day simple moving average of $29.01.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Signature Equity Partners LLC raised its position in Simplify Managed Futures Strategy ETF by 639.2% in the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock valued at $27,000 after buying an additional 767 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 1st quarter worth approximately $28,000. WFA of San Diego LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $36,000. Parallel Advisors LLC acquired a new position in Simplify Managed Futures Strategy ETF during the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp bought a new position in shares of Simplify Managed Futures Strategy ETF during the 1st quarter worth approximately $43,000.

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.