Simplify National Muni Bond ETF (NYSEARCA:NMB) Sees Large Growth in Short Interest

Simplify National Muni Bond ETF (NYSEARCA:NMB) saw a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 8,098 shares, a growth of 57.5% from the November 30th total of 5,143 shares. Based on an average daily volume of 4,298 shares, the days-to-cover ratio is presently 1.9 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 4,298 shares, the days-to-cover ratio is presently 1.9 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simplify National Muni Bond ETF stock. Kestra Private Wealth Services LLC acquired a new stake in shares of Simplify National Muni Bond ETF (NYSEARCA:NMB) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,394 shares of the company’s stock, valued at approximately $287,000. Kestra Private Wealth Services LLC owned approximately 0.59% of Simplify National Muni Bond ETF as of its most recent SEC filing.

Simplify National Muni Bond ETF Trading Down 0.5%

Shares of NYSEARCA NMB opened at $25.07 on Monday. Simplify National Muni Bond ETF has a 12-month low of $21.84 and a 12-month high of $26.14. The stock has a 50 day simple moving average of $25.44 and a 200-day simple moving average of $24.97.

Simplify National Muni Bond ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Friday, November 21st.

Simplify National Muni Bond ETF Company Profile

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.