Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Reaches New 12-Month Low – Here’s What Happened

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $25.46 and last traded at $25.50, with a volume of 74603 shares trading hands. The stock had previously closed at $26.23.

Simplify Managed Futures Strategy ETF Stock Down 2.9%

The firm’s 50 day moving average is $27.43 and its two-hundred day moving average is $28.97.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in 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. Assetmark Inc. bought a new position in shares of Simplify Managed Futures Strategy ETF during the 4th quarter worth about $15,373,000. Beaumont Financial Advisors LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF in the 1st quarter valued at about $15,140,000. &PARTNERS grew its stake in shares of Simplify Managed Futures Strategy ETF by 4,691.0% in the 4th quarter. &PARTNERS now owns 472,825 shares of the company’s stock valued at $12,889,000 after buying an additional 462,956 shares during the period. Finally, Ferguson Shapiro LLC bought a new stake in Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $10,505,000.

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.