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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totaling 610 shares, a drop of 81.7% from the August 31st total of 3,331 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 2,562 shares, the days-to-cover ratio is currently 0.2 days.

Simplify National Muni Bond ETF Price Performance

Shares of NMB stock traded down $0.19 during trading hours on Friday, reaching $23.15. 886 shares of the company’s stock were exchanged, compared to its average volume of 4,078. Simplify National Muni Bond ETF has a 1 year low of $23.15 and a 1 year high of $26.14. The stock’s fifty day moving average price is $24.21 and its two-hundred day moving average price is $24.46.

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.