Simplify National Muni Bond ETF (NYSEARCA:NMB) Short Interest Down 43.9% in May

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 4,032 shares, a decline of 43.9% from the April 30th total of 7,183 shares. Based on an average trading volume of 2,587 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Kestra Private Wealth Services LLC increased its stake in Simplify National Muni Bond ETF by 4.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 11,914 shares of the company’s stock valued at $298,000 after buying an additional 520 shares during the period. Goldman Sachs Group Inc. increased its stake in Simplify National Muni Bond ETF by 0.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock valued at $4,539,000 after buying an additional 742 shares during the period. Principal Securities Inc. increased its stake in Simplify National Muni Bond ETF by 977.6% in the 4th quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock valued at $333,000 after buying an additional 12,093 shares during the period. Finally, Jane Street Group LLC acquired a new position in Simplify National Muni Bond ETF in the 4th quarter valued at approximately $361,000.

Simplify National Muni Bond ETF Stock Performance

NMB stock opened at $24.71 on Thursday. Simplify National Muni Bond ETF has a 52-week low of $23.84 and a 52-week high of $26.14. The company’s 50 day simple moving average is $24.48 and its 200-day simple moving average is $24.77.

About Simplify National Muni Bond ETF

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.