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

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a significant decline in short interest in 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. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 2,076 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Trading of Simplify National Muni Bond ETF

A number of large investors have recently made changes to their positions in the stock. Kestra Private Wealth Services LLC purchased a new stake in Simplify National Muni Bond ETF in the 3rd quarter worth approximately $287,000. Principal Securities Inc. lifted its stake 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 worth $333,000 after purchasing an additional 12,093 shares during the period. Jane Street Group LLC acquired a new stake in shares of Simplify National Muni Bond ETF during the fourth quarter worth $361,000. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of 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 during the last quarter.

Simplify National Muni Bond ETF Trading Up 0.4%

Shares of NYSEARCA:NMB traded up $0.11 during midday trading on Monday, hitting $24.95. 1,890 shares of the stock were exchanged, compared to its average volume of 3,470. Simplify National Muni Bond ETF has a twelve month low of $23.84 and a twelve month high of $26.14. The company has a 50 day moving average price of $24.64 and a 200-day moving average price of $24.71.

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.