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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 14,722 shares, an increase of 106.6% from the March 31st total of 7,125 shares. Based on an average daily volume of 7,147 shares, the days-to-cover ratio is currently 2.1 days. Currently, 0.8% of the shares of the stock are sold short.

Simplify National Muni Bond ETF Stock Performance

Shares of NMB traded up $0.01 during trading hours on Friday, reaching $24.68. The company had a trading volume of 1,274 shares, compared to its average volume of 3,715. Simplify National Muni Bond ETF has a 12-month low of $23.84 and a 12-month high of $26.14. The firm has a 50 day simple moving average of $24.50 and a 200-day simple moving average of $24.98.

Simplify National Muni Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.13 dividend. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a c) dividend on an annualized basis and a yield of 6.3%.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

Several institutional investors have recently modified their holdings of NMB. Kestra Private Wealth Services LLC acquired a new stake in shares of Simplify National Muni Bond ETF in the 3rd quarter worth approximately $287,000. Principal Securities Inc. raised its holdings in Simplify National Muni Bond ETF by 977.6% during 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 during the last quarter. Jane Street Group LLC purchased a new stake in Simplify National Muni Bond ETF during the fourth quarter worth $361,000. Finally, Goldman Sachs Group Inc. boosted 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 worth $4,539,000 after purchasing an additional 742 shares in the last quarter.

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.