Simplify Macro Strategy ETF (NYSEARCA:FIG) Stock Price Down 0.8% – Time to Sell?

Shares of Simplify Macro Strategy ETF (NYSEARCA:FIG) traded down 0.8% during mid-day trading on Monday . The company traded as low as $36.64 and last traded at $37.65. 4,971,418 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 10,672,438 shares. The stock had previously closed at $37.97.

Simplify Macro Strategy ETF Price Performance

The company has a market cap of $15.66 billion, a P/E ratio of 72.11 and a beta of 0.65. The company has a 50 day moving average of $47.49 and a 200-day moving average of $45.86.

Institutional Trading of Simplify Macro Strategy ETF

An institutional investor recently raised its position in Simplify Macro Strategy ETF stock. Jane Street Group LLC raised its stake in shares of Simplify Macro Strategy ETF (NYSEARCA:FIG) by 32.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,523 shares of the company’s stock after purchasing an additional 11,180 shares during the quarter. Jane Street Group LLC owned 10.12% of Simplify Macro Strategy ETF worth $969,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 40.00% of the stock is currently owned by hedge funds and other institutional investors.

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.