Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Shares Gap Down – Here’s Why

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) gapped down prior to trading on Friday . The stock had previously closed at $31.08, but opened at $30.17. Simplify Managed Futures Strategy ETF shares last traded at $30.50, with a volume of 108,839 shares.

Simplify Managed Futures Strategy ETF Price Performance

The business has a 50-day simple moving average of $27.36 and a 200-day simple moving average of $28.84.

Institutional Trading of Simplify Managed Futures Strategy ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. IAG Wealth Partners LLC raised its stake in Simplify Managed Futures Strategy ETF by 4.6% in the fourth quarter. IAG Wealth Partners LLC now owns 811,968 shares of the company’s stock valued at $22,134,000 after buying an additional 35,670 shares in the last quarter. IFG Advisory LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $3,972,000. Fielder Capital Group LLC increased its holdings in shares of Simplify Managed Futures Strategy ETF by 15.1% in the 4th quarter. Fielder Capital Group LLC now owns 417,734 shares of the company’s stock valued at $11,387,000 after acquiring an additional 54,856 shares during the last quarter. Lloyd Advisory Services LLC. acquired a new stake in shares of Simplify Managed Futures Strategy ETF during the 4th quarter worth about $539,000. Finally, Vise Technologies Inc. raised its position in shares of Simplify Managed Futures Strategy ETF by 204.4% during the 4th quarter. Vise Technologies Inc. now owns 91,075 shares of the company’s stock worth $2,483,000 after acquiring an additional 61,152 shares in 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.