Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Drop in Short Interest

Simplify MBS ETF (NYSEARCA:MTBA) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 34,933 shares, a decrease of 77.4% from the August 15th total of 154,332 shares. Based on an average daily trading volume, of 172,810 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Simplify MBS ETF Stock Performance

Simplify MBS ETF stock traded down $0.11 during mid-day trading on Friday, hitting $47.74. 187,539 shares of the company were exchanged, compared to its average volume of 197,040. The business’s 50 day simple moving average is $48.63 and its two-hundred day simple moving average is $49.20. Simplify MBS ETF has a 12-month low of $47.74 and a 12-month high of $50.88.

Institutional Trading of Simplify MBS ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC lifted its holdings in Simplify MBS ETF by 37.6% in the 1st quarter. NewEdge Advisors LLC now owns 21,834 shares of the company’s stock valued at $1,095,000 after purchasing an additional 5,970 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Simplify MBS ETF during the first quarter worth about $518,000. JPMorgan Chase & Co. grew its holdings in shares of Simplify MBS ETF by 4.7% during the second quarter. JPMorgan Chase & Co. now owns 123,717 shares of the company’s stock worth $6,197,000 after buying an additional 5,582 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Simplify MBS ETF in the second quarter valued at approximately $111,000. Finally, Jane Street Group LLC lifted its stake in shares of Simplify MBS ETF by 638.9% during the second quarter. Jane Street Group LLC now owns 79,541 shares of the company’s stock valued at $3,984,000 after buying an additional 68,776 shares during the period.

Simplify MBS ETF Company Profile

The Simplify MBS ETF (MTBA) is an exchange-traded fund that mostly invests in investment grade fixed income. MBTA seeks total return from an actively managed portfolio consisting of investment-grade mortgage-backed securities (MBS). The fund primarily includes residential or commercial MBS issued by government-sponsored entities, as well as non-agency MBS. MTBA was launched on Nov 6, 2023 and is issued by Simplify.