Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sees Large Volume Increase – Should You Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) saw an uptick in trading volume on Thursday . 653,600 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 612,234 shares.The stock last traded at $30.73 and had previously closed at $29.47.

Simplify Managed Futures Strategy ETF Trading Up 3.3%

The stock has a 50-day simple moving average of $29.43 and a 200 day simple moving average of $28.20.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.15 per share. This is a boost from Simplify Managed Futures Strategy ETF’s previous monthly dividend of $0.10. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 5.9%.

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. Evolution Wealth Management Inc. acquired a new position in Simplify Managed Futures Strategy ETF during the second quarter worth about $31,000. WFA of San Diego LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF during the 2nd quarter worth approximately $36,000. Comerica Bank raised its position in shares of Simplify Managed Futures Strategy ETF by 71,450.0% during the 3rd quarter. Comerica Bank now owns 1,431 shares of the company’s stock worth $40,000 after purchasing an additional 1,429 shares during the last quarter. Private Trust Co. NA raised its position in shares of Simplify Managed Futures Strategy ETF by 86.7% during the 4th quarter. Private Trust Co. NA now owns 1,845 shares of the company’s stock worth $50,000 after purchasing an additional 857 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its stake in Simplify Managed Futures Strategy ETF by 34.0% in the 3rd quarter. CoreCap Advisors LLC now owns 1,980 shares of the company’s stock valued at $55,000 after buying an additional 502 shares in 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.