Simplify National Muni Bond ETF (NYSEARCA:NMB) Sees Large Growth in Short Interest

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,582 shares, a growth of 288.4% from the June 15th total of 1,437 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 5,377 shares, the days-to-cover ratio is currently 1.0 days.

Institutional Trading of Simplify National Muni Bond ETF

A number of institutional investors have recently modified their holdings of the company. Kestra Private Wealth Services LLC bought a new position in shares of Simplify National Muni Bond ETF during the 3rd quarter worth approximately $287,000. Principal Securities Inc. boosted its stake in Simplify National Muni Bond ETF by 977.6% in the fourth quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock valued at $333,000 after acquiring an additional 12,093 shares in the last quarter. Jane Street Group LLC purchased a new position in Simplify National Muni Bond ETF in the fourth quarter worth $361,000. Finally, Goldman Sachs Group Inc. grew its holdings in Simplify National Muni Bond ETF by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock worth $4,539,000 after purchasing an additional 742 shares during the last quarter.

Simplify National Muni Bond ETF Price Performance

NMB stock traded down $0.03 during trading on Monday, reaching $24.83. 2,660 shares of the company traded hands, compared to its average volume of 3,881. The business has a 50 day simple moving average of $24.71 and a 200 day simple moving average of $24.69. Simplify National Muni Bond ETF has a 12 month low of $23.84 and a 12 month high of $26.14.

Simplify National Muni Bond ETF Company Profile

The Simplify National Muni Bond ETF (NMB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund that predominantly invests in investment grade, tax-exempt US municipal bonds while utilizing a multi-asset option spread writing strategy. The fund seeks to provide income, and secondarily, capital appreciation. NMB was launched on Sep 9, 2024 and is issued by Simplify.