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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $30.66, but opened at $29.80. Simplify Managed Futures Strategy ETF shares last traded at $29.8840, with a volume of 34,145 shares trading hands.

Simplify Managed Futures Strategy ETF Price Performance

The stock has a fifty day moving average price of $27.72 and a two-hundred day moving average price of $28.85.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Several hedge funds have recently made changes to their positions in CTA. Bank of America Corp DE grew its position in shares of Simplify Managed Futures Strategy ETF by 336.9% in the first quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock valued at $135,018,000 after purchasing an additional 3,445,308 shares during the period. Boothe Investment Group Inc. lifted its position in Simplify Managed Futures Strategy ETF by 0.6% during the first quarter. Boothe Investment Group Inc. now owns 1,738,929 shares of the company’s stock worth $52,550,000 after buying an additional 10,425 shares during the period. Independence Wealth Advisors LLC boosted its stake in Simplify Managed Futures Strategy ETF by 6.9% in the 1st quarter. Independence Wealth Advisors LLC now owns 951,474 shares of the company’s stock worth $28,754,000 after buying an additional 61,423 shares during the last quarter. IAG Wealth Partners LLC boosted its stake in Simplify Managed Futures Strategy ETF by 4.6% in the 4th quarter. IAG Wealth Partners LLC now owns 811,968 shares of the company’s stock worth $22,134,000 after buying an additional 35,670 shares during the last quarter. Finally, Altiora Financial Group LLC grew its holdings in Simplify Managed Futures Strategy ETF by 35.3% in the 4th quarter. Altiora Financial Group LLC now owns 664,457 shares of the company’s stock valued at $18,113,000 after buying an additional 173,179 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.