Simplify MBS ETF (NYSEARCA:MTBA) Sees Strong Trading Volume – What’s Next?

Shares of Simplify MBS ETF (NYSEARCA:MTBA) saw strong 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 has a fifty day simple moving average of $48.91 and a two-hundred day simple moving average of $49.45.

Hedge Funds Weigh In On Simplify MBS ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Point Inc. acquired a new position in shares of Simplify MBS ETF during the second quarter worth about $303,000. GK Wealth Management LLC acquired a new position in shares of Simplify MBS ETF during the 2nd quarter worth approximately $1,209,000. Keel Point LLC bought a new position in shares of Simplify MBS ETF in the first quarter valued at about $1,898,000. Western Wealth Management LLC bought a new position in Simplify MBS ETF in the 1st quarter valued at about $2,570,000. Finally, Royal Bank of Canada increased its stake in shares of Simplify MBS ETF by 15.8% during the first quarter. Royal Bank of Canada now owns 291,789 shares of the company’s stock worth $14,432,000 after purchasing an additional 39,859 shares during the period.

About Simplify MBS ETF

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.