Simplify Macro Strategy ETF (NYSEARCA:FIG) Reaches New 52-Week Low – Time to Sell?

Shares of Simplify Macro Strategy ETF (NYSEARCA:FIG) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $42.24 and last traded at $44.42, with a volume of 12803302 shares traded. The stock had previously closed at $44.25.

Simplify Macro Strategy ETF Price Performance

The company has a market capitalization of $18.47 billion, a P/E ratio of 72.11 and a beta of 0.65. The firm has a fifty day moving average price of $54.92 and a 200-day moving average price of $43.79.

Institutional Investors Weigh In On Simplify Macro Strategy ETF

A hedge fund recently raised its stake in Simplify Macro Strategy ETF stock. Jane Street Group LLC increased its position in Simplify Macro Strategy ETF (NYSEARCA:FIG) by 32.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,523 shares of the company’s stock after acquiring an additional 11,180 shares during the period. Jane Street Group LLC owned about 10.12% of Simplify Macro Strategy ETF worth $969,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 40.00% of the company’s stock.

About Simplify Macro Strategy ETF

The Simplify Macro Strategy ETF (FIG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to provide absolute returns. The fund uses a macro strategy to build a risk-balanced, multi-asset portfolio. FIG was launched on May 16, 2022 and is managed by Simplify.