Simplify National Muni Bond ETF (NYSEARCA:NMB) Short Interest Down 58.8% in June

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,437 shares, a decline of 58.8% from the May 31st total of 3,490 shares. Based on an average daily volume of 2,076 shares, the short-interest ratio is currently 0.7 days. Currently, 0.1% of the shares of the company are short sold.

Simplify National Muni Bond ETF Stock Performance

Shares of NMB traded up $0.11 during mid-day trading on Monday, reaching $24.95. 1,890 shares of the company’s stock were exchanged, compared to its average volume of 3,470. The business’s fifty day simple moving average is $24.64 and its 200-day simple moving average is $24.71. Simplify National Muni Bond ETF has a 52-week low of $23.84 and a 52-week high of $26.14.

Hedge Funds Weigh In On Simplify National Muni Bond ETF

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its holdings in shares of 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 valued at $4,539,000 after acquiring an additional 742 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Simplify National Muni Bond ETF in the 3rd quarter valued at approximately $287,000. Principal Securities Inc. boosted its holdings in Simplify National Muni Bond ETF by 977.6% in 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 in the last quarter. Finally, Jane Street Group LLC acquired a new position in Simplify National Muni Bond ETF during the 4th quarter worth approximately $361,000.

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.