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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the recipient of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,032 shares, a decrease of 43.9% from the April 30th total of 7,183 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,587 shares, the days-to-cover ratio is presently 1.6 days.

Simplify National Muni Bond ETF Stock Performance

Shares of NYSEARCA:NMB traded up $0.08 during trading on Tuesday, reaching $24.78. 847 shares of the company traded hands, compared to its average volume of 3,377. Simplify National Muni Bond ETF has a 52-week low of $23.84 and a 52-week high of $26.14. The business’s fifty day moving average is $24.45 and its 200-day moving average is $24.79.

Institutional Trading of Simplify National Muni Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC boosted its stake in shares of Simplify National Muni Bond ETF by 4.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,914 shares of the company’s stock valued at $298,000 after purchasing an additional 520 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Simplify National Muni Bond ETF by 0.4% during the first quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock valued at $4,539,000 after acquiring an additional 742 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Simplify National Muni Bond ETF by 977.6% during 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. Finally, Jane Street Group LLC bought a new position in shares of Simplify National Muni Bond ETF during the fourth quarter valued at approximately $361,000.

About Simplify National Muni Bond ETF

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.