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

Simplify National Muni Bond ETF (NYSEARCA:NMB) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 16 shares, a drop of 97.4% from the September 15th total of 610 shares. Based on an average trading volume of 4,456 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Simplify National Muni Bond ETF Stock Performance

NYSEARCA NMB traded up $0.19 during trading on Friday, reaching $22.99. The company’s stock had a trading volume of 2,240 shares, compared to its average volume of 4,103. Simplify National Muni Bond ETF has a 12 month low of $22.66 and a 12 month high of $26.14. The firm has a 50 day moving average price of $23.88 and a 200 day moving average price of $24.36.

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.