Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Trading Down 4.5% – What’s Next?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA)’s stock price was down 4.5% during trading on Monday . The stock traded as low as $28.88 and last traded at $28.99. Approximately 202,478 shares changed hands during mid-day trading, a decline of 61% from the average daily volume of 525,199 shares. The stock had previously closed at $30.37.

Simplify Managed Futures Strategy ETF Trading Down 4.1%

The firm has a 50-day moving average of $29.15 and a two-hundred day moving average of $28.08.

Simplify Managed Futures Strategy ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were issued a dividend of $0.15 per share. This is a positive change 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 6.2%.

Institutional Trading of Simplify Managed Futures Strategy ETF

Hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its position in shares of Simplify Managed Futures Strategy ETF by 2,620.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,300,749 shares of the company’s stock worth $64,904,000 after acquiring an additional 2,216,173 shares during the period. Independence Wealth Advisors LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF during the 4th quarter valued at about $24,263,000. IAG Wealth Partners LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF in the 3rd quarter valued at about $21,713,000. Assetmark Inc. purchased a new position in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $15,373,000. Finally, Boothe Investment Group Inc. raised its holdings in Simplify Managed Futures Strategy ETF by 44.0% in the 3rd quarter. Boothe Investment Group Inc. now owns 1,572,122 shares of the company’s stock worth $43,972,000 after purchasing an additional 480,429 shares during the period.

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.