Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Growth in Short Interest

Simplify MBS ETF (NYSEARCA:MTBA) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 41,865 shares, a growth of 17.2% from the February 12th total of 35,726 shares. Based on an average daily volume of 173,811 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 173,811 shares, the days-to-cover ratio is currently 0.2 days.

Simplify MBS ETF Trading Up 0.4%

Shares of MTBA stock opened at $49.98 on Tuesday. The firm has a fifty day moving average price of $50.45 and a 200 day moving average price of $50.47. Simplify MBS ETF has a 12 month low of $49.16 and a 12 month high of $50.88.

Simplify MBS ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a dividend of $0.25 per share. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of Simplify MBS ETF by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 21,834 shares of the company’s stock worth $1,095,000 after acquiring an additional 5,970 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in Simplify MBS ETF in the first quarter valued at approximately $518,000. Bank of New York Mellon Corp purchased a new position in Simplify MBS ETF in the second quarter valued at approximately $13,278,000. Allworth Financial LP purchased a new position in Simplify MBS ETF in the second quarter valued at approximately $26,000. Finally, Meridian Wealth Management LLC acquired a new stake in Simplify MBS ETF during the second quarter worth approximately $471,000.

Simplify MBS ETF Company Profile

The Simplify MBS ETF (MTBA) is an exchange-traded fund that mostly invests in investment grade fixed income. MBTA seeks total return from an actively managed portfolio consisting of investment-grade mortgage-backed securities (MBS). The fund primarily includes residential or commercial MBS issued by government-sponsored entities, as well as non-agency MBS. MTBA was launched on Nov 6, 2023 and is issued by Simplify.