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

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,582 shares, a growth of 288.4% from the June 15th total of 1,437 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 5,377 shares, the short-interest ratio is currently 1.0 days.

Simplify National Muni Bond ETF Stock Down 0.1%

Simplify National Muni Bond ETF stock traded down $0.03 during trading hours on Monday, hitting $24.83. 2,660 shares of the stock traded hands, compared to its average volume of 3,881. The firm’s 50 day moving average price is $24.71 and its 200-day moving average price is $24.69. Simplify National Muni Bond ETF has a 1 year low of $23.84 and a 1 year high of $26.14.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its holdings in shares of Simplify National Muni Bond ETF by 0.4% during the first quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock worth $4,539,000 after purchasing an additional 742 shares during the period. Jane Street Group LLC acquired a new position in Simplify National Muni Bond ETF in the 4th quarter worth approximately $361,000. Principal Securities Inc. increased 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 worth $333,000 after buying an additional 12,093 shares during the period. Finally, Kestra Private Wealth Services LLC acquired a new position in Simplify National Muni Bond ETF in the 3rd quarter worth approximately $287,000.

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.