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

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 7,183 shares, a decrease of 51.2% from the April 15th total of 14,722 shares. Based on an average daily trading volume, of 2,657 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Trading of Simplify National Muni Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NMB. Jane Street Group LLC acquired a new stake in Simplify National Muni Bond ETF during the 4th quarter valued at approximately $361,000. Principal Securities Inc. increased its position in Simplify National Muni Bond ETF by 977.6% during the 4th quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock valued at $333,000 after purchasing an additional 12,093 shares during the period. Kestra Private Wealth Services LLC acquired a new stake in Simplify National Muni Bond ETF during the 3rd quarter valued at approximately $287,000. Finally, Goldman Sachs Group Inc. increased its position in Simplify National Muni Bond ETF by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock valued at $4,539,000 after purchasing an additional 742 shares during the period.

Simplify National Muni Bond ETF Price Performance

NYSEARCA:NMB opened at $24.36 on Monday. The company has a 50 day simple moving average of $24.45 and a two-hundred day simple moving average of $24.89. Simplify National Muni Bond ETF has a fifty-two week low of $23.84 and a fifty-two week high of $26.14.

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.