Simplify Macro Strategy ETF (NYSEARCA:FIG) Trading Down 0.8% – What’s Next?

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

Simplify Macro Strategy ETF Stock Down 0.8%

The firm’s 50-day moving average is $47.49 and its 200-day moving average is $45.86. The company has a market capitalization of $15.66 billion, a PE ratio of 72.11 and a beta of 0.65.

Hedge Funds Weigh In On Simplify Macro Strategy ETF

An institutional investor recently raised its position in Simplify Macro Strategy ETF stock. Jane Street Group LLC increased its position in Simplify Macro Strategy ETF (NYSEARCA:FIG) by 32.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,523 shares of the company’s stock after buying 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 institutional investors and hedge funds.

About Simplify Macro Strategy ETF

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.