Simplify National Muni Bond ETF (NYSEARCA:NMB) Stock Short Interest Jumps 1,987.5%

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 334 shares, a growth of 1,987.5% from the September 30th total of 16 shares. Based on an average trading volume of 4,745 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

A hedge fund recently bought a new stake in Simplify National Muni Bond ETF stock. Wedbush Securities Inc. acquired a new stake in shares of Simplify National Muni Bond ETF (NYSEARCA:NMB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,828 shares of the company’s stock, valued at approximately $250,000. Wedbush Securities Inc. owned about 0.55% of Simplify National Muni Bond ETF as of its most recent filing with the Securities and Exchange Commission.

Simplify National Muni Bond ETF Stock Down 0.5%

Shares of NMB stock traded down $0.11 during midday trading on Tuesday, reaching $23.76. 265 shares of the company were exchanged, compared to its average volume of 4,038. The company’s 50 day moving average price is $23.65 and its two-hundred day moving average price is $24.40. Simplify National Muni Bond ETF has a 12 month low of $22.66 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.