Simplify National Muni Bond ETF (NYSEARCA:NMB – Get Free Report) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 5,582 shares, an increase of 288.4% from the June 15th total of 1,437 shares. Based on an average daily trading volume, of 5,377 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.3% of the shares of the company are sold short.
Simplify National Muni Bond ETF Trading Down 0.1%
Simplify National Muni Bond ETF stock traded down $0.03 during trading hours on Monday, hitting $24.83. The stock had a trading volume of 2,660 shares, compared to its average volume of 3,881. The company has a 50-day moving average of $24.71 and a two-hundred day moving average of $24.69. Simplify National Muni Bond ETF has a fifty-two week low of $23.84 and a fifty-two week high of $26.14.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of NMB. Kestra Private Wealth Services LLC acquired a new stake in Simplify National Muni Bond ETF during the third quarter worth $287,000. Principal Securities Inc. raised its stake in shares of 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 valued at $333,000 after buying an additional 12,093 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Simplify National Muni Bond ETF in the 4th quarter valued at $361,000. Finally, Goldman Sachs Group Inc. lifted its holdings 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 worth $4,539,000 after acquiring an additional 742 shares during the period.
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.
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