Simplify National Muni Bond ETF (NYSEARCA:NMB) Short Interest Update

by · The Markets Daily

Simplify National Muni Bond ETF (NYSEARCA:NMB – Get Free Report) was the recipient of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 1,437 shares, a decline of 58.8% from the May 31st total of 3,490 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 2,076 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Kestra Private Wealth Services LLC purchased a new position in Simplify National Muni Bond ETF during the third quarter worth about $287,000. Principal Securities Inc. increased its position in shares of 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 during the last quarter. Jane Street Group LLC purchased a new stake in Simplify National Muni Bond ETF in the fourth quarter worth approximately $361,000. Finally, Goldman Sachs Group Inc. grew its position in Simplify National Muni Bond ETF by 0.4% during the first quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock valued at $4,539,000 after acquiring an additional 742 shares during the last quarter.

Simplify National Muni Bond ETF Stock Performance

Shares of NMB stock opened at $24.90 on Wednesday. The company has a 50 day moving average of $24.65 and a 200-day moving average of $24.70. Simplify National Muni Bond ETF has a 12-month low of $23.84 and a 12-month high of $26.14.

Simplify National Muni Bond ETF Company Profile

(Get Free Report)

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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