Simplify MBS ETF (NYSEARCA:MTBA – Get Free Report) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 154,332 shares, an increase of 137.0% from the July 30th total of 65,111 shares. Based on an average daily trading volume, of 133,423 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the company’s stock are short sold.
Simplify MBS ETF Price Performance
Shares of MTBA traded down $0.18 during mid-day trading on Friday, hitting $48.40. 261,254 shares of the company’s stock were exchanged, compared to its average volume of 194,691. Simplify MBS ETF has a 52 week low of $48.37 and a 52 week high of $50.88. The company has a 50-day simple moving average of $48.82 and a 200 day simple moving average of $49.38.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the business. Kestra Advisory Services LLC bought a new stake in shares of Simplify MBS ETF during the 4th quarter worth approximately $71,000. Raymond James Financial Inc. bought a new stake in shares of Simplify MBS ETF in the 2nd quarter valued at about $111,000. Harbour Investments Inc. increased its position in Simplify MBS ETF by 105.3% during the fourth quarter. Harbour Investments Inc. now owns 2,580 shares of the company’s stock worth $130,000 after buying an additional 1,323 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Simplify MBS ETF in the fourth quarter valued at approximately $140,000. Finally, Arax Advisory Partners bought a new position in shares of Simplify MBS ETF during the 4th quarter worth approximately $154,000.
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.
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