Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Trading Down 1.7% – What’s Next?

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) dropped 1.7% during mid-day trading on Wednesday . The company traded as low as $27.61 and last traded at $27.60. Approximately 902,157 shares traded hands during trading, an increase of 204% from the average daily volume of 297,046 shares. The stock had previously closed at $28.08.

Simplify Managed Futures Strategy ETF Trading Down 0.9 %

The business’s 50-day simple moving average is $29.24 and its 200-day simple moving average is $28.03.

Simplify Managed Futures Strategy ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, March 26th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 26th. This is a positive change from Simplify Managed Futures Strategy ETF’s previous dividend of $0.10.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Simplify Managed Futures Strategy ETF in the fourth quarter valued at $42,000. Geneos Wealth Management Inc. increased its stake in shares of Simplify Managed Futures Strategy ETF by 214.8% during the 4th quarter. Geneos Wealth Management Inc. now owns 1,574 shares of the company’s stock valued at $44,000 after acquiring an additional 1,074 shares during the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Simplify Managed Futures Strategy ETF by 94.1% during the 4th quarter. CoreCap Advisors LLC now owns 1,986 shares of the company’s stock worth $55,000 after acquiring an additional 963 shares during the period. Comerica Bank boosted its position in shares of Simplify Managed Futures Strategy ETF by 111,500.0% in the fourth quarter. Comerica Bank now owns 2,232 shares of the company’s stock worth $62,000 after acquiring an additional 2,230 shares during the last quarter. Finally, New Wave Wealth Advisors LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the fourth quarter valued at approximately $79,000.

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.