Simplify National Muni Bond ETF (NYSEARCA:NMB) Stock Short Interest Climbs 1,987.5%

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 334 shares, an increase of 1,987.5% from the September 30th total of 16 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,745 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simplify National Muni Bond ETF stock. Wedbush Securities Inc. acquired a new stake in Simplify National Muni Bond ETF (NYSEARCA:NMB) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,828 shares of the company’s stock, valued at approximately $250,000. Wedbush Securities Inc. owned 0.55% of Simplify National Muni Bond ETF at the end of the most recent reporting period.

Simplify National Muni Bond ETF Price Performance

Shares of NMB traded down $0.00 during trading hours on Wednesday, hitting $23.76. The company had a trading volume of 679 shares, compared to its average volume of 4,040. Simplify National Muni Bond ETF has a 12 month low of $22.66 and a 12 month high of $26.14. The business has a fifty day moving average of $23.64 and a 200-day moving average of $24.39.

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.