Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Shares Down 3.3% – Should You Sell?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) traded down 3.3% during trading on Monday . The company 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 Trading Down 1.8%

The firm has a fifty day moving average price of $27.75 and a two-hundred day moving average price of $29.00.

Institutional Trading of Simplify Managed Futures Strategy ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Brighton Jones LLC raised its holdings in Simplify Managed Futures Strategy ETF by 39.5% in the fourth quarter. Brighton Jones LLC now owns 27,251 shares of the company’s stock worth $760,000 after buying an additional 7,710 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Simplify Managed Futures Strategy ETF by 86.3% during the first quarter. Royal Bank of Canada now owns 104,993 shares of the company’s stock valued at $3,108,000 after buying an additional 48,646 shares during the last quarter. NewEdge Advisors LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF during the first quarter valued at approximately $321,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $88,000. Finally, Baird Financial Group Inc. raised its holdings in Simplify Managed Futures Strategy ETF by 164.0% in the 2nd quarter. Baird Financial Group Inc. now owns 74,832 shares of the company’s stock worth $2,001,000 after acquiring an additional 46,482 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.