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

Simplify Managed Futures Strategy ETF (NYSEARCA:CTA) saw strong trading volume on Monday . 754,201 shares traded hands during 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 1.2 %

The business’s 50-day moving average is $29.14 and its 200-day moving average is $27.77.

Institutional Trading of Simplify Managed Futures Strategy ETF

Institutional investors have recently made changes to their positions in the company. Beacon Capital Management LLC purchased a new stake in Simplify Managed Futures Strategy ETF in the 4th quarter valued at about $10,348,000. HighTower Advisors LLC acquired a new stake in shares of Simplify Managed Futures Strategy ETF during the third quarter valued at about $6,214,000. Proficio Capital Partners LLC purchased a new stake in shares of Simplify Managed Futures Strategy ETF in the 4th quarter valued at approximately $5,387,000. Pasadena Private Wealth LLC acquired a new position in shares of Simplify Managed Futures Strategy ETF in the 4th quarter worth approximately $5,046,000. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of Simplify Managed Futures Strategy ETF during the 4th quarter worth approximately $4,521,000.

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.