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

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 4,696 shares, a growth of 79.4% from the February 12th total of 2,618 shares. Based on an average daily trading volume, of 1,517 shares, the short-interest ratio is presently 3.1 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,517 shares, the short-interest ratio is presently 3.1 days.

Simplify National Muni Bond ETF Trading Up 0.4%

Simplify National Muni Bond ETF stock traded up $0.09 during midday trading on Friday, reaching $24.39. The company’s stock had a trading volume of 2,588 shares, compared to its average volume of 2,885. The stock’s 50-day simple moving average is $24.80 and its 200-day simple moving average is $25.13. Simplify National Muni Bond ETF has a 52-week low of $21.84 and a 52-week high of $26.14.

Simplify National Muni Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a $0.13 dividend. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend was Tuesday, February 24th.

Institutional Trading of Simplify National Muni Bond ETF

Institutional investors have recently bought and sold shares of the stock. Kestra Private Wealth Services LLC lifted its stake in shares of Simplify National Muni Bond ETF by 4.6% during the fourth quarter. Kestra Private Wealth Services LLC now owns 11,914 shares of the company’s stock worth $298,000 after buying an additional 520 shares during the period. Goldman Sachs Group Inc. raised its stake in Simplify National Muni Bond ETF by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock worth $4,539,000 after acquiring an additional 742 shares during the last quarter. Principal Securities Inc. raised its stake in Simplify National Muni Bond ETF by 977.6% in the 4th quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock worth $333,000 after acquiring an additional 12,093 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in Simplify National Muni Bond ETF during the 4th quarter worth about $361,000.

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.