Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Hits New 1-Year Low – Should You Sell?

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $26.18 and last traded at $26.25, with a volume of 55677 shares changing hands. The stock had previously closed at $26.69.

Simplify Managed Futures Strategy ETF Price Performance

The firm has a fifty day moving average of $29.86 and a 200 day moving average of $29.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Signature Equity Partners LLC increased its position in Simplify Managed Futures Strategy ETF by 639.2% during the first quarter. Signature Equity Partners LLC now owns 887 shares of the company’s stock worth $27,000 after purchasing an additional 767 shares during the last quarter. MBM Wealth Consultants LLC acquired a new position in Simplify Managed Futures Strategy ETF in the 1st quarter valued at about $28,000. WFA of San Diego LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the 2nd quarter valued at approximately $36,000. Parallel Advisors LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the 1st quarter valued at approximately $42,000. Finally, Fifth Third Bancorp acquired a new stake in shares of Simplify Managed Futures Strategy ETF during the 1st quarter worth approximately $43,000.

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.