Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Short Interest Down 41.6% in August

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 52 shares, a decline of 41.6% from the July 30th total of 89 shares. Based on an average daily trading volume, of 409 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Simplify NEXT Intangible Core Index ETF Price Performance

Shares of NXTI stock opened at $36.54 on Monday. The business has a fifty day simple moving average of $35.18 and a 200 day simple moving average of $32.89. The company has a market cap of $1.83 million, a P/E ratio of 28.02 and a beta of 0.86. Simplify NEXT Intangible Core Index ETF has a twelve month low of $29.10 and a twelve month high of $36.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Simplify NEXT Intangible Core Index ETF stock. Citadel Advisors LLC purchased a new stake in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 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 quarter.

Simplify NEXT Intangible Core Index ETF Company Profile

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.