Simplify NEXT Intangible Core Index ETF (BATS:NXTI – Get Free Report) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 364 shares, a drop of 65.5% from the April 15th total of 1,055 shares. Approximately 0.7% of the company’s stock are sold short. Based on an average daily trading volume, of 2,103 shares, the days-to-cover ratio is currently 0.2 days.
Simplify NEXT Intangible Core Index ETF Stock Performance
BATS:NXTI opened at $32.32 on Thursday. The company has a market cap of $1.62 million, a PE ratio of 28.02 and a beta of 0.86. Simplify NEXT Intangible Core Index ETF has a 52-week low of $29.10 and a 52-week high of $33.54. The stock has a 50-day simple moving average of $30.68 and a 200 day simple moving average of $31.60.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Simplify NEXT Intangible Core Index ETF stock. OLD Mission Capital LLC boosted its stake in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI – Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,012 shares of the company’s stock after purchasing an additional 2,048 shares during the period. OLD Mission Capital LLC owned 30.02% of Simplify NEXT Intangible Core Index ETF worth $488,000 as of its most recent filing with the SEC.
About Simplify NEXT Intangible Core Index ETF
The Simplify Next Intangible Core Index ETF (NXTI) is an exchange-traded fund that is based on the Next Intangible Core index. The fund tracks a market cap-weighted index of 200 US companies that exhibit high intangible capital-to-book assets ratios within their respective sector. The fund seeks to outperform traditional market-cap indexes. NXTI was launched on Apr 15, 2024 and is issued by Simplify.
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