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

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) gapped down prior to trading on Thursday . The stock had previously closed at $30.66, but opened at $29.80. Simplify Managed Futures Strategy ETF shares last traded at $29.8840, with a volume of 34,145 shares.

Simplify Managed Futures Strategy ETF Stock Down 0.5%

The stock’s fifty day moving average price is $27.88 and its 200 day moving average price is $28.86.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of large investors have recently added to or reduced their stakes in CTA. Signature Equity Partners LLC boosted its holdings in shares of 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 in the last quarter. CAP Partners LLC boosted its stake in Simplify Managed Futures Strategy ETF by 5.3% in the first quarter. CAP Partners LLC now owns 15,642 shares of the company’s stock worth $473,000 after buying an additional 782 shares in the last quarter. MBM Wealth Consultants LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the first quarter worth approximately $28,000. Compass Financial Management LLC bought a new position in Simplify Managed Futures Strategy ETF during the second quarter valued at approximately $26,000. Finally, Professional Financial Advisors LLC grew its position in Simplify Managed Futures Strategy ETF by 1.5% during the second quarter. Professional Financial Advisors LLC now owns 77,564 shares of the company’s stock valued at $2,012,000 after acquiring an additional 1,127 shares during the last quarter.

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.