Simplify MBS ETF (NYSEARCA:MTBA) Hits New 52-Week Low – What’s Next?

Simplify MBS ETF (NYSEARCA:MTBA)’s stock price hit a new 52-week low on Monday . The company traded as low as $48.88 and last traded at $48.88, with a volume of 163386 shares changing hands. The stock had previously closed at $48.98.

Simplify MBS ETF Stock Up 0.5%

The stock has a 50 day moving average price of $49.59 and a two-hundred day moving average price of $50.16.

Institutional Trading of Simplify MBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MTBA. NewEdge Advisors LLC increased its position in Simplify MBS ETF by 37.6% in the first quarter. NewEdge Advisors LLC now owns 21,834 shares of the company’s stock worth $1,095,000 after purchasing an additional 5,970 shares during the period. Goldman Sachs Group Inc. acquired a new stake in Simplify MBS ETF in the first quarter worth about $518,000. JPMorgan Chase & Co. increased its position in Simplify MBS ETF by 4.7% in the second quarter. JPMorgan Chase & Co. now owns 123,717 shares of the company’s stock worth $6,197,000 after purchasing an additional 5,582 shares during the period. Raymond James Financial Inc. acquired a new stake in Simplify MBS ETF in the second quarter worth about $111,000. Finally, Jane Street Group LLC increased its position in Simplify MBS ETF by 638.9% in the second quarter. Jane Street Group LLC now owns 79,541 shares of the company’s stock worth $3,984,000 after purchasing an additional 68,776 shares during the period.

About Simplify MBS ETF

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.