Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Trading Up 2.7% – Time to Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price shot up 2.7% on Monday . The company traded as high as $28.36 and last traded at $28.27. Approximately 820,268 shares changed hands during mid-day trading, an increase of 41% from the average session volume of 581,517 shares. The stock had previously closed at $27.52.

Simplify Managed Futures Strategy ETF Trading Up 2.7%

The firm’s fifty day moving average price is $26.86 and its 200-day moving average price is $28.84.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Several large investors have recently added to or reduced their stakes in CTA. Northwestern Mutual Wealth Management Co. increased its position in shares of Simplify Managed Futures Strategy ETF by 4.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,238 shares of the company’s stock valued at $334,000 after purchasing an additional 508 shares during the period. J.Safra Asset Management Corp lifted its position in Simplify Managed Futures Strategy ETF by 10.0% in the fourth quarter. J.Safra Asset Management Corp now owns 5,787 shares of the company’s stock worth $158,000 after purchasing an additional 527 shares during the period. Betterment LLC lifted its position in Simplify Managed Futures Strategy ETF by 3.7% in the fourth quarter. Betterment LLC now owns 20,722 shares of the company’s stock worth $565,000 after purchasing an additional 736 shares during the period. Signature Equity Partners LLC boosted its stake in Simplify Managed Futures Strategy ETF by 639.2% during the first quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock worth $27,000 after buying an additional 767 shares in the last quarter. Finally, CAP Partners LLC increased its holdings in Simplify Managed Futures Strategy ETF by 5.3% in the 1st quarter. CAP Partners LLC now owns 15,642 shares of the company’s stock valued at $473,000 after buying an additional 782 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.