Simplify Asset Management Inc. Has $26.87 Million Stake in Simplify NEXT Intangible Core Index ETF $NXTI

Simplify Asset Management Inc. boosted its position in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI) by 3,587.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 822,303 shares of the company’s stock after buying an additional 800,000 shares during the quarter. Simplify NEXT Intangible Core Index ETF makes up approximately 0.5% of Simplify Asset Management Inc.’s investment portfolio, making the stock its 9th biggest holding. Simplify Asset Management Inc. owned approximately 16.45% of Simplify NEXT Intangible Core Index ETF worth $26,865,000 as of its most recent SEC filing.

Simplify NEXT Intangible Core Index ETF Trading Up 2.8%

Shares of NXTI stock opened at $33.03 on Tuesday. Simplify NEXT Intangible Core Index ETF has a 12 month low of $24.65 and a 12 month high of $31.04. The company has a market capitalization of $1.65 million, a P/E ratio of 28.02 and a beta of 0.86. The stock has a 50 day moving average of $32.55 and a two-hundred day moving average of $31.73.

Simplify NEXT Intangible Core Index ETF 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.