Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Price Down 4.5% – Here’s What Happened

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s share price fell 4.5% on Monday . The stock traded as low as $28.88 and last traded at $28.99. 202,478 shares changed hands during trading, a decline of 61% from the average session volume of 525,199 shares. The stock had previously closed at $30.37.

Simplify Managed Futures Strategy ETF Stock Performance

The stock’s 50 day moving average price is $29.15 and its 200-day moving average price is $28.08.

Simplify Managed Futures Strategy ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This is a boost from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%.

Hedge Funds Weigh In On Simplify Managed Futures Strategy ETF

Several hedge funds have recently modified their holdings of the stock. CWM LLC raised its position in Simplify Managed Futures Strategy ETF by 12.6% during the 4th quarter. CWM LLC now owns 2,939,794 shares of the company’s stock worth $80,139,000 after buying an additional 328,154 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Simplify Managed Futures Strategy ETF by 25.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,892,787 shares of the company’s stock valued at $80,162,000 after acquiring an additional 592,038 shares during the last quarter. Boothe Investment Group Inc. increased its stake in shares of Simplify Managed Futures Strategy ETF by 9.9% in the fourth quarter. Boothe Investment Group Inc. now owns 1,728,504 shares of the company’s stock worth $47,119,000 after acquiring an additional 156,382 shares during the period. Bank of America Corp DE increased its stake in shares of Simplify Managed Futures Strategy ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 1,727,721 shares of the company’s stock worth $46,199,000 after acquiring an additional 12,920 shares during the period. Finally, LPL Financial LLC raised its holdings in shares of Simplify Managed Futures Strategy ETF by 28.8% during the fourth quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock worth $29,232,000 after purchasing an additional 239,712 shares during the last quarter.

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.