Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Growth in Short Interest

Simplify MBS ETF (NYSEARCA:MTBA) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 154,332 shares, an increase of 137.0% from the July 30th total of 65,111 shares. Based on an average daily trading volume, of 133,423 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.5% of the shares of the stock are sold short.

Simplify MBS ETF Stock Down 0.3%

Shares of NYSEARCA MTBA traded down $0.17 during midday trading on Friday, hitting $48.41. 173,790 shares of the company’s stock were exchanged, compared to its average volume of 194,111. The business’s fifty day moving average price is $48.84 and its two-hundred day moving average price is $49.38. Simplify MBS ETF has a 12-month low of $48.37 and a 12-month high of $50.88.

Institutional Investors Weigh In On Simplify MBS ETF

A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC boosted its position in Simplify MBS ETF by 37.6% during the first quarter. NewEdge Advisors LLC now owns 21,834 shares of the company’s stock valued at $1,095,000 after buying an additional 5,970 shares during the period. Goldman Sachs Group Inc. bought a new position in Simplify MBS ETF in the first quarter worth about $518,000. JPMorgan Chase & Co. lifted its stake in shares of Simplify MBS ETF by 4.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 123,717 shares of the company’s stock valued at $6,197,000 after purchasing an additional 5,582 shares during the period. Raymond James Financial Inc. bought a new position in Simplify MBS ETF in the second quarter worth $111,000. Finally, Jane Street Group LLC lifted its position in Simplify MBS ETF by 638.9% during the 2nd quarter. Jane Street Group LLC now owns 79,541 shares of the company’s stock valued at $3,984,000 after acquiring 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.