Simplify National Muni Bond ETF (NYSEARCA:NMB) Short Interest Down 58.8% in June

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 1,437 shares, a decline of 58.8% from the May 31st total of 3,490 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,076 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NMB. Kestra Private Wealth Services LLC acquired a new position in shares of Simplify National Muni Bond ETF during the third quarter valued at about $287,000. Principal Securities Inc. increased its position 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 acquiring an additional 12,093 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Simplify National Muni Bond ETF in the 4th quarter worth about $361,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of 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 worth $4,539,000 after acquiring an additional 742 shares during the last quarter.

Simplify National Muni Bond ETF Price Performance

Shares of NYSEARCA:NMB traded down $0.05 during trading on Tuesday, reaching $24.90. 1,753 shares of the stock were exchanged, compared to its average volume of 3,456. Simplify National Muni Bond ETF has a 1-year low of $23.84 and a 1-year high of $26.14. The stock has a fifty day moving average of $24.65 and a two-hundred day moving average of $24.70.

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.