Simplify Macro Strategy ETF (NYSEARCA:FIG) Stock Price Down 3.8% – Here’s Why

Simplify Macro Strategy ETF (NYSEARCA:FIG) shares traded down 3.8% on Tuesday . The company traded as low as $38.31 and last traded at $37.7430. 257,215 shares changed hands during trading, a decline of 97% from the average session volume of 10,037,693 shares. The stock had previously closed at $39.25.

Simplify Macro Strategy ETF Price Performance

The stock’s 50 day moving average is $42.29 and its 200-day moving average is $46.89. The company has a market capitalization of $16.16 billion, a P/E ratio of 72.11 and a beta of 0.65.

Institutional Inflows and Outflows

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