Simplify MBS ETF (NYSEARCA:MTBA) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Simplify MBS ETF (NYSEARCA:MTBA) saw an uptick in trading volume on Thursday . Approximately 697,910 shares changed hands during mid-day trading, an increase of 258% from the previous session’s volume of 195,121 shares.The stock last traded at $48.71 and had previously closed at $48.83.

Simplify MBS ETF Stock Performance

The company’s 50 day moving average is $48.91 and its 200 day moving average is $49.45.

Hedge Funds Weigh In On Simplify MBS ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kestra Advisory Services LLC bought a new position in Simplify MBS ETF during the fourth quarter worth about $71,000. Raymond James Financial Inc. bought a new stake in Simplify MBS ETF during the 2nd quarter worth about $111,000. Harbour Investments Inc. grew its stake in shares of Simplify MBS ETF by 105.3% during the fourth quarter. Harbour Investments Inc. now owns 2,580 shares of the company’s stock valued at $130,000 after purchasing an additional 1,323 shares during the last quarter. Strive Financial Group LLC acquired a new stake in shares of Simplify MBS ETF in the 4th quarter valued at $140,000. Finally, Arax Advisory Partners acquired a new stake in Simplify MBS ETF in the fourth quarter worth about $154,000.

Simplify MBS ETF Company Profile

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. MTBA was launched on Nov 6, 2023 and is issued by Simplify.