Short Interest in Simplify National Muni Bond ETF (NYSEARCA:NMB) Expands By 79.4%

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 4,696 shares, an increase of 79.4% from the February 12th total of 2,618 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 1,517 shares, the short-interest ratio is presently 3.1 days. Based on an average daily volume of 1,517 shares, the short-interest ratio is presently 3.1 days. Approximately 0.2% of the shares of the company are sold short.

Simplify National Muni Bond ETF Stock Down 0.4%

NYSEARCA:NMB opened at $24.30 on Friday. Simplify National Muni Bond ETF has a 12 month low of $21.84 and a 12 month high of $26.14. The company has a 50 day simple moving average of $24.81 and a two-hundred day simple moving average of $25.12.

Simplify National Muni Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were paid a $0.13 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Tuesday, February 24th.

Institutional Trading of Simplify National Muni Bond ETF

A number of hedge funds have recently bought and sold shares of NMB. Kestra Private Wealth Services LLC bought a new position in Simplify National Muni Bond ETF in the third quarter valued at about $287,000. Principal Securities Inc. grew its stake in shares of Simplify National Muni Bond ETF by 977.6% during the 4th quarter. Principal Securities Inc. now owns 13,330 shares of the company’s stock valued at $333,000 after purchasing an additional 12,093 shares during the period. Jane Street Group LLC purchased a new stake in shares of Simplify National Muni Bond ETF during the 4th quarter valued at about $361,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Simplify National Muni Bond ETF by 0.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 200,742 shares of the company’s stock valued at $4,539,000 after purchasing an additional 742 shares during the last quarter.

About Simplify National Muni Bond ETF

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.