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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTAGet Free Report) 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 trading hands.

Simplify Managed Futures Strategy ETF Stock Down 3.0%

The business has a fifty day moving average of $27.34 and a two-hundred day moving average of $28.95.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE raised its position in shares of Simplify Managed Futures Strategy ETF by 336.9% during the first quarter. Bank of America Corp DE now owns 4,467,832 shares of the company’s stock worth $135,018,000 after purchasing an additional 3,445,308 shares during the period. CWM LLC grew its holdings in shares of Simplify Managed Futures Strategy ETF by 12.6% during the 4th quarter. CWM LLC now owns 2,939,794 shares of the company’s stock worth $80,139,000 after purchasing an additional 328,154 shares in the last quarter. Boothe Investment Group Inc. raised its holdings in shares of Simplify Managed Futures Strategy ETF by 0.6% in the 1st 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 in the last quarter. LPL Financial LLC boosted its stake in Simplify Managed Futures Strategy ETF by 28.8% in the fourth quarter. LPL Financial LLC now owns 1,072,343 shares of the company’s stock worth $29,232,000 after purchasing an additional 239,712 shares in the last quarter. Finally, AE Wealth Management LLC lifted its stake in shares of Simplify Managed Futures Strategy ETF by 9.8% during the fourth quarter. AE Wealth Management LLC now owns 977,534 shares of the company’s stock valued at $26,648,000 after acquiring an additional 87,102 shares during the period.

About Simplify Managed Futures Strategy ETF

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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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