Simplify National Muni Bond ETF (NYSEARCA:NMB) Sees Significant Drop in Short Interest
by Jessica Moore · The Cerbat GemSimplify National Muni Bond ETF (NYSEARCA:NMB – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 7,125 shares, a decrease of 28.0% from the March 15th total of 9,889 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 4,920 shares, the days-to-cover ratio is currently 1.4 days.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of NMB. Goldman Sachs Group Inc. grew its stake in Simplify National Muni Bond ETF by 0.4% in the first quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock worth $4,539,000 after purchasing an additional 742 shares in the last quarter. Kestra Private Wealth Services LLC bought a new position in Simplify National Muni Bond ETF in the third quarter worth approximately $287,000. Principal Securities Inc. grew its stake in Simplify National Muni Bond ETF by 977.6% in the fourth quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock worth $333,000 after purchasing an additional 12,093 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in Simplify National Muni Bond ETF in the fourth quarter worth approximately $361,000.
Simplify National Muni Bond ETF Trading Down 0.5%
Shares of NMB traded down $0.13 during mid-day trading on Wednesday, reaching $24.55. 4,274 shares of the company’s stock traded hands, compared to its average volume of 3,817. The stock’s 50-day moving average is $24.51 and its two-hundred day moving average is $25.01. Simplify National Muni Bond ETF has a 12 month low of $23.76 and a 12 month high of $26.14.
Simplify National Muni Bond ETF Dividend Announcement
The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were paid a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) annualized dividend and a yield of 6.4%.
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.