Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Shares Gap Down – Time to Sell?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s stock price gapped down prior to trading 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 Price Performance

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Bank of America Corp DE grew its stake in Simplify Managed Futures Strategy ETF by 336.9% during the 1st quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock worth $135,018,000 after buying an additional 3,445,308 shares during the last quarter. CWM LLC raised its position in Simplify Managed Futures Strategy ETF by 12.6% in the fourth quarter. CWM LLC now owns 2,939,794 shares of the company’s stock valued at $80,139,000 after purchasing an additional 328,154 shares during the period. Boothe Investment Group Inc. lifted its stake 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 purchasing an additional 10,425 shares in the last quarter. LPL Financial LLC boosted its position 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 buying an additional 239,712 shares during the period. Finally, AE Wealth Management LLC grew its stake in shares of Simplify Managed Futures Strategy ETF by 9.8% in the fourth quarter. AE Wealth Management LLC now owns 977,534 shares of the company’s stock valued at $26,648,000 after buying an additional 87,102 shares in the last quarter.

Simplify Managed Futures Strategy ETF Company Profile

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.