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

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 7,183 shares, a drop of 51.2% from the April 15th total of 14,722 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average trading volume of 2,657 shares, the short-interest ratio is presently 2.7 days.

Simplify National Muni Bond ETF Trading Down 0.6%

Shares of NYSEARCA:NMB traded down $0.14 on Friday, hitting $24.36. 549 shares of the company were exchanged, compared to its average volume of 3,521. Simplify National Muni Bond ETF has a 1-year low of $23.84 and a 1-year high of $26.14. The stock’s 50 day moving average price is $24.45 and its 200 day moving average price is $24.89.

Institutional Investors Weigh In On Simplify National Muni Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in NMB. Kestra Private Wealth Services LLC acquired a new stake in shares of Simplify National Muni Bond ETF during the third quarter worth $287,000. Principal Securities Inc. lifted its stake in shares of 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 buying 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. lifted its stake 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 buying an additional 742 shares during the period.

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.