Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Sees Significant Decline in Short Interest

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) was the recipient of a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 52 shares, a decline of 41.6% from the July 30th total of 89 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 409 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of Simplify NEXT Intangible Core Index ETF

A hedge fund recently bought a new stake in Simplify NEXT Intangible Core Index ETF stock. Citadel Advisors LLC purchased a new position in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 19,472 shares of the company’s stock, valued at approximately $636,000. Citadel Advisors LLC owned approximately 38.94% of Simplify NEXT Intangible Core Index ETF at the end of the most recent quarter.

Simplify NEXT Intangible Core Index ETF Stock Performance

Shares of NXTI stock opened at $36.54 on Monday. The stock has a market cap of $1.83 million, a P/E ratio of 28.02 and a beta of 0.86. Simplify NEXT Intangible Core Index ETF has a 1 year low of $29.10 and a 1 year high of $36.83. The stock has a 50 day simple moving average of $35.18 and a 200 day simple moving average of $32.89.

Simplify NEXT Intangible Core Index ETF Company Profile

The Simplify Next Intangible Core Index ETF (NXTI) is an exchange-traded fund that is based on the Next Intangible Core index. The fund tracks a market cap-weighted index of 200 US companies that exhibit high intangible capital-to-book assets ratios within their respective sector. The fund seeks to outperform traditional market-cap indexes. NXTI was launched on Apr 15, 2024 and is issued by Simplify.