Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Short Interest Down 98.9% in May

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) saw a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 4 shares, a decline of 98.9% from the April 30th total of 364 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,657 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of Simplify NEXT Intangible Core Index ETF

A hedge fund recently bought a new stake in Simplify NEXT Intangible Core Index ETF stock. Citadel Advisors LLC acquired a new position in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,472 shares of the company’s stock, valued at approximately $636,000. Citadel Advisors LLC owned approximately 38.94% of Simplify NEXT Intangible Core Index ETF at the end of the most recent reporting period.

Simplify NEXT Intangible Core Index ETF Trading Up 1.3%

BATS NXTI opened at $33.96 on Friday. The stock’s 50 day moving average is $31.25 and its 200 day moving average is $31.65. Simplify NEXT Intangible Core Index ETF has a 12 month low of $29.10 and a 12 month high of $34.06. The stock has a market cap of $1.70 million, a PE ratio of 28.02 and a beta of 0.86.

About Simplify NEXT Intangible Core Index ETF

The Simplify Next Intangible Core Index ETF (NXTI) is an exchange-traded fund that is based on the Next Intangible Core index. The fund tracks a market cap-weighted index of 200 US companies that exhibit high intangible capital-to-book assets ratios within their respective sector. The fund seeks to outperform traditional market-cap indexes. NXTI was launched on Apr 15, 2024 and is issued by Simplify.