Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Short Interest Down 41.6% in August

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) was the target of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 52 shares, a decline of 41.6% from the July 30th total of 89 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 409 shares, the days-to-cover ratio is currently 0.1 days.

Simplify NEXT Intangible Core Index ETF Stock Performance

BATS:NXTI remained flat at $36.51 during mid-day trading on Tuesday. The company had a trading volume of 17 shares, compared to its average volume of 2,211. The company has a market cap of $1.83 million, a PE ratio of 28.02 and a beta of 0.86. Simplify NEXT Intangible Core Index ETF has a 12-month low of $29.10 and a 12-month high of $36.83. The company has a fifty day moving average of $35.22 and a 200 day moving average of $32.93.

Institutional Investors Weigh In On Simplify NEXT Intangible Core Index ETF

A hedge fund recently raised its stake in Simplify NEXT Intangible Core Index ETF stock. OLD Mission Capital LLC raised its stake in shares of Simplify NEXT Intangible Core Index ETF (BATS:NXTI) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,012 shares of the company’s stock after buying 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 at the end of the most recent quarter.

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.