FIG Stock Summary and Trading Ideas (Simplify Funds Simplify Macro Strategy ETF | ARCA:FIG)

The Simplify Macro Strategy ETF (FIG) is a modern take on the balanced portfolio, built to help navigate today's toughest asset allocation challenges. FIG addresses these concerns by creating a robust portfolio comprised of equities with positive convexity, managed futures that are diversifying and inflation sensitive, and a suite of income sources with low sensitivity to duration. The fund will also opportunistically invest in equity, credit, interest rate, and FX derivatives (listed and OTC) to capitalize on attractive idiosyncratic market dislocations.

Simplify Funds Simplify Macro Strategy ETF trades on the ARCA stock market under the symbol FIG.

As of April 23, 2024, FIG stock price declined to $23.02 with 807 million shares trading.

FIG has a market cap of $26.47 million. This is considered a Sub-Micro Cap stock.

FIG has underperformed the market in the last year with a return of +1.1%, while the SPY ETF gained +24.3%. In the last 3 month period, FIG fell short of the market, returning +1.2%, while SPY returned +4.9%. However, in the most recent 2 weeks FIG has outperformed the stock market by returning +0.6%, while SPY returned -2.5%.

FIG support price is $22.95 and resistance is $23.32 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FIG stock will trade within this expected range on the day.