Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Shares Gap Down – What’s Next?

by · The Markets Daily

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA – Get Free Report) shares gapped down before the market opened on Monday . The stock had previously closed at $27.14, but opened at $25.90. Simplify Managed Futures Strategy ETF shares last traded at $26.20, with a volume of 120,453 shares.

Simplify Managed Futures Strategy ETF Stock Down 3.2%

The firm’s 50 day moving average is $27.52 and its 200 day moving average is $28.99.

Institutional Trading of Simplify Managed Futures Strategy ETF

A number of hedge funds have recently made changes to their positions in CTA. Signature Equity Partners LLC raised its holdings in Simplify Managed Futures Strategy ETF by 639.2% in the 1st quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock worth $27,000 after purchasing an additional 767 shares during the period. MBM Wealth Consultants LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF during the first quarter worth about $28,000. WFA of San Diego LLC bought a new stake in Simplify Managed Futures Strategy ETF during the 2nd quarter valued at approximately $36,000. Parallel Advisors LLC purchased a new position in Simplify Managed Futures Strategy ETF in the 1st quarter worth approximately $42,000. Finally, Fifth Third Bancorp purchased a new stake in Simplify Managed Futures Strategy ETF during the 1st quarter valued at approximately $43,000.

Simplify Managed Futures Strategy ETF Company Profile

(Get Free Report)

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.

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