Short Interest in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Expands By 1,850.0%

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 78 shares, a growth of 1,850.0% from the May 14th total of 4 shares. Based on an average daily volume of 166 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s shares are short sold.

Simplify NEXT Intangible Core Index ETF Price Performance

Simplify NEXT Intangible Core Index ETF stock traded down $0.32 during midday trading on Tuesday, reaching $33.90. The stock had a trading volume of 1,843 shares, compared to its average volume of 2,879. The firm’s fifty day simple moving average is $31.93 and its two-hundred day simple moving average is $31.78. Simplify NEXT Intangible Core Index ETF has a twelve month low of $29.10 and a twelve month high of $35.41. The firm has a market cap of $1.70 million, a price-to-earnings ratio of 28.02 and a beta of 0.86.

Institutional Investors Weigh In On Simplify NEXT Intangible Core Index ETF

A hedge fund recently raised its stake in Simplify NEXT Intangible Core Index ETF stock. OLD Mission Capital LLC boosted its stake in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,012 shares of the company’s stock after buying an additional 2,048 shares during the quarter. OLD Mission Capital LLC owned approximately 30.02% of Simplify NEXT Intangible Core Index ETF worth $488,000 at the end of the most recent quarter.

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.