Simplify Macro Strategy ETF’s Quiet Period To End on September 9th (NYSEARCA:FIG)

Simplify Macro Strategy ETF’s (NYSEARCA:FIG) quiet period will end on Tuesday, September 9th. Simplify Macro Strategy ETF had issued 36,937,080 shares in its public offering on July 31st. The total size of the offering was $1,218,923,640 based on an initial share price of $33.00. During the company’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Simplify Macro Strategy ETF Stock Down 1.4%

NYSEARCA FIG opened at $70.28 on Tuesday. Simplify Macro Strategy ETF has a twelve month low of $67.00 and a twelve month high of $142.92. The company has a market cap of $34.26 billion, a price-to-earnings ratio of 94.97 and a beta of 0.65. The business’s fifty day moving average is $49.89 and its 200 day moving average is $31.90.

Institutional Investors Weigh In On Simplify Macro Strategy ETF

Hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its position in Simplify Macro Strategy ETF by 6.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 32,968 shares of the company’s stock worth $701,000 after purchasing an additional 1,873 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Simplify Macro Strategy ETF by 14.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 19,695 shares of the company’s stock worth $419,000 after purchasing an additional 2,413 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Simplify Macro Strategy ETF by 32.6% during the 1st quarter. Jane Street Group LLC now owns 45,523 shares of the company’s stock worth $969,000 after purchasing an additional 11,180 shares during the last quarter. Institutional investors and hedge funds own 40.00% of the company’s stock.

Simplify Macro Strategy ETF Company Profile

The Simplify Macro Strategy ETF (FIG) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is an actively managed fund-of-funds that seeks to provide absolute returns. The fund uses a macro strategy to build a risk-balanced, multi-asset portfolio. FIG was launched on May 16, 2022 and is managed by Simplify.