Simplify MBS ETF (NYSEARCA:MTBA) Sees Significant Drop in Short Interest

Simplify MBS ETF (NYSEARCA:MTBA) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 19,600 shares, adeclineof84.3% from the July 15th total of 124,800 shares. Based on an average daily trading volume, of 250,100 shares, the short-interest ratio is currently 0.1 days. Approximately0.1% of the shares of the stock are short sold. Approximately0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 250,100 shares, the short-interest ratio is currently 0.1 days.

Simplify MBS ETF Stock Performance

Shares of NYSEARCA MTBA opened at $50.18 on Friday. The firm’s 50-day moving average price is $49.94 and its 200-day moving average price is $49.92. Simplify MBS ETF has a 12-month low of $49.10 and a 12-month high of $51.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MTBA. Allworth Financial LP bought a new stake in shares of Simplify MBS ETF in the 2nd quarter valued at approximately $26,000. Farther Finance Advisors LLC raised its holdings in Simplify MBS ETF by 244.5% during the 1st quarter. Farther Finance Advisors LLC now owns 727 shares of the company’s stock valued at $37,000 after buying an additional 516 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Simplify MBS ETF in the first quarter worth $46,000. AlphaCore Capital LLC purchased a new position in Simplify MBS ETF during the first quarter worth $50,000. Finally, Huntington National Bank boosted its stake in Simplify MBS ETF by 29.3% during the second quarter. Huntington National Bank now owns 1,078 shares of the company’s stock worth $54,000 after buying an additional 244 shares during the period.

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.