Short Interest in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Grows By 1,850.0%

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) was the recipient of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 78 shares, a growth of 1,850.0% from the May 14th total of 4 shares. Based on an average daily volume of 166 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Simplify NEXT Intangible Core Index ETF Stock Performance

Shares of BATS NXTI opened at $33.54 on Thursday. The stock has a 50 day moving average price of $32.12 and a 200 day moving average price of $31.81. Simplify NEXT Intangible Core Index ETF has a 52 week low of $29.10 and a 52 week high of $35.41. The stock has a market capitalization of $1.68 million, a PE ratio of 28.02 and a beta of 0.86.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Simplify NEXT Intangible Core Index ETF stock. OLD Mission Capital LLC boosted its stake in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,012 shares of the company’s stock after purchasing an additional 2,048 shares during the period. OLD Mission Capital LLC owned 30.02% of Simplify NEXT Intangible Core Index ETF worth $488,000 as of its most recent filing with the SEC.

About Simplify NEXT Intangible Core Index ETF

The Simplify Next Intangible Core Index ETF (NXTI) is an exchange-traded fund that is based on the Next Intangible Core index. The fund tracks a market cap-weighted index of 200 US companies that exhibit high intangible capital-to-book assets ratios within their respective sector. The fund seeks to outperform traditional market-cap indexes. NXTI was launched on Apr 15, 2024 and is issued by Simplify.