Simplify MBS ETF (NYSEARCA:MTBA) Sees Large Drop in Short Interest

Simplify MBS ETF (NYSEARCA:MTBA) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 34,933 shares, a drop of 77.4% from the August 15th total of 154,332 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 172,810 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Simplify MBS ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Founders Financial Securities LLC boosted its stake in shares of Simplify MBS ETF by 4.5% during the 1st quarter. Founders Financial Securities LLC now owns 5,708 shares of the company’s stock valued at $284,000 after buying an additional 246 shares during the last quarter. Longview Financial Advisors Inc. boosted its position in shares of Simplify MBS ETF by 1.1% during the first quarter. Longview Financial Advisors Inc. now owns 24,323 shares of the company’s stock worth $1,203,000 after buying an additional 260 shares during the period. Osaic Holdings Inc. grew its position in Simplify MBS ETF by 1.9% in the 2nd quarter. Osaic Holdings Inc. now owns 18,113 shares of the company’s stock valued at $907,000 after buying an additional 343 shares in the last quarter. Cambridge Advisors Inc. raised its stake in shares of Simplify MBS ETF by 1.9% in the 1st quarter. Cambridge Advisors Inc. now owns 19,506 shares of the company’s stock worth $965,000 after buying an additional 363 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in shares of Simplify MBS ETF by 1.5% in the 2nd quarter. Continuum Advisory LLC now owns 26,996 shares of the company’s stock worth $1,325,000 after purchasing an additional 398 shares during the last quarter.

Simplify MBS ETF Price Performance

Simplify MBS ETF stock traded down $0.11 during midday trading on Friday, reaching $47.74. The stock had a trading volume of 187,539 shares, compared to its average volume of 197,040. Simplify MBS ETF has a twelve month low of $47.74 and a twelve month high of $50.88. The stock’s 50-day simple moving average is $48.63 and its 200 day simple moving average is $49.21.

About Simplify MBS ETF

The Simplify MBS ETF (MTBA) is an exchange-traded fund that mostly invests in investment grade fixed income. MBTA seeks total return from an actively managed portfolio consisting of investment-grade mortgage-backed securities (MBS). The fund primarily includes residential or commercial MBS issued by government-sponsored entities, as well as non-agency MBS. MTBA was launched on Nov 6, 2023 and is issued by Simplify.