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 company’s stock are sold short. Based on an average daily trading volume, of 5,377 shares, the short-interest ratio is presently 1.0 days.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC purchased a new position in shares of Simplify National Muni Bond ETF in the 3rd quarter worth about $287,000. Goldman Sachs Group Inc. grew its position in 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 valued at $4,539,000 after purchasing an additional 742 shares during the last quarter. Jane Street Group LLC purchased a new stake in Simplify National Muni Bond ETF during the 4th quarter valued at about $361,000. Finally, Principal Securities Inc. increased its stake in Simplify National Muni Bond ETF by 977.6% during the 4th quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock valued at $333,000 after purchasing an additional 12,093 shares in the last quarter.

Simplify National Muni Bond ETF Stock Up 0.1%

NMB stock traded up $0.03 on Tuesday, reaching $24.86. 6,519 shares of the company traded hands, compared to its average volume of 3,901. The firm has a fifty day simple moving average of $24.71 and a 200-day simple moving average of $24.69. Simplify National Muni Bond ETF has a one year low of $23.84 and a one year high of $26.14.

Simplify National Muni Bond ETF Company Profile

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.