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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 8,800 shares, an increase of 87.2% from the September 30th total of 4,700 shares. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average daily trading volume, of 4,000 shares, the days-to-cover ratio is presently 2.2 days.

Simplify National Muni Bond ETF Price Performance

Shares of NMB opened at $25.79 on Monday. The business’s 50 day moving average price is $25.26 and its two-hundred day moving average price is $24.82. Simplify National Muni Bond ETF has a 52-week low of $21.84 and a 52-week high of $26.14.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Simplify National Muni Bond ETF stock. Goldman Sachs Group Inc. grew its position in shares of Simplify National Muni Bond ETF (NYSEARCA:NMB) by 0.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 200,742 shares of the company’s stock after buying an additional 742 shares during the period. Goldman Sachs Group Inc. owned 6.08% of Simplify National Muni Bond ETF worth $4,539,000 at the end of the most recent reporting 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.