Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $28.94 and traded as low as $27.79. Simplify Managed Futures Strategy ETF shares last traded at $28.02, with a volume of 943,013 shares traded.

Simplify Managed Futures Strategy ETF Stock Performance

The firm’s 50-day simple moving average is $29.32 and its two-hundred day simple moving average is $28.94.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of large investors have recently made changes to their positions in CTA. Pekin Hardy Strauss Inc. acquired a new position in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter valued at $2,283,000. Kestra Advisory Services LLC raised its stake in Simplify Managed Futures Strategy ETF by 24.5% in the 3rd quarter. Kestra Advisory Services LLC now owns 236,380 shares of the company’s stock worth $6,817,000 after acquiring an additional 46,489 shares during the last quarter. Claro Advisors Inc. lifted its position in Simplify Managed Futures Strategy ETF by 114.9% during the 3rd quarter. Claro Advisors Inc. now owns 52,504 shares of the company’s stock worth $1,514,000 after acquiring an additional 28,067 shares during the period. Integrity Alliance LLC. acquired a new stake in Simplify Managed Futures Strategy ETF during the 3rd quarter worth about $2,148,000. Finally, Keeler Thomas Management LLC lifted its position in Simplify Managed Futures Strategy ETF by 44.3% during the 3rd quarter. Keeler Thomas Management LLC now owns 15,913 shares of the company’s stock worth $459,000 after acquiring an additional 4,885 shares during the period.

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.