Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) Sees Unusually-High Trading Volume – Still a Buy?

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) saw unusually-strong trading volume on Monday . Approximately 754,201 shares traded hands during mid-day trading, an increase of 197% from the previous session’s volume of 253,719 shares.The stock last traded at $29.29 and had previously closed at $29.67.

Simplify Managed Futures Strategy ETF Trading Down 0.4 %

The stock has a fifty day simple moving average of $29.17 and a 200 day simple moving average of $27.81.

Institutional Investors Weigh In On Simplify Managed Futures Strategy ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF in the fourth quarter valued at $42,000. Geneos Wealth Management Inc. grew its position in Simplify Managed Futures Strategy ETF by 214.8% in the fourth quarter. Geneos Wealth Management Inc. now owns 1,574 shares of the company’s stock worth $44,000 after acquiring an additional 1,074 shares in the last quarter. CoreCap Advisors LLC increased its stake in Simplify Managed Futures Strategy ETF by 94.1% during the fourth quarter. CoreCap Advisors LLC now owns 1,986 shares of the company’s stock worth $55,000 after acquiring an additional 963 shares during the last quarter. Comerica Bank raised its position in Simplify Managed Futures Strategy ETF by 111,500.0% during the fourth quarter. Comerica Bank now owns 2,232 shares of the company’s stock valued at $62,000 after purchasing an additional 2,230 shares during the period. Finally, New Wave Wealth Advisors LLC bought a new stake in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at approximately $79,000.

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.