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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 14,722 shares, a growth of 106.6% from the March 31st total of 7,125 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 7,147 shares, the days-to-cover ratio is presently 2.1 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of NMB. Goldman Sachs Group Inc. lifted its stake in shares of 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 buying an additional 742 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in shares of Simplify National Muni Bond ETF during the 3rd quarter valued at $287,000. Principal Securities Inc. lifted its stake in shares of 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 buying an additional 12,093 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Simplify National Muni Bond ETF in the 4th quarter worth $361,000.

Simplify National Muni Bond ETF Trading Down 0.4%

Shares of Simplify National Muni Bond ETF stock traded down $0.11 on Monday, hitting $24.57. 5,178 shares of the company’s stock were exchanged, compared to its average volume of 3,733. The company has a 50-day simple moving average of $24.49 and a 200-day simple moving average of $24.98. Simplify National Muni Bond ETF has a 1 year low of $23.84 and a 1 year high of $26.14.

Simplify National Muni Bond ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were paid a dividend of $0.13 per share. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date was Tuesday, February 24th.

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.