Short Interest in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) Declines By 98.9%

Simplify NEXT Intangible Core Index ETF (BATS:NXTI) saw a significant drop in short interest in the month of May. As of May 15th, there was short interest totaling 4 shares, a drop of 98.9% from the April 30th total of 364 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,657 shares, the days-to-cover ratio is currently 0.0 days.

Simplify NEXT Intangible Core Index ETF Stock Performance

Shares of BATS NXTI traded down $0.19 during midday trading on Wednesday, reaching $33.53. 12 shares of the company traded hands, compared to its average volume of 3,101. The firm has a market cap of $1.68 million, a PE ratio of 28.02 and a beta of 0.86. The stock’s 50-day simple moving average is $31.12 and its 200-day simple moving average is $31.62. Simplify NEXT Intangible Core Index ETF has a 12 month low of $29.10 and a 12 month high of $33.72.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Simplify NEXT Intangible Core Index ETF stock. Citadel Advisors LLC purchased a new stake in Simplify NEXT Intangible Core Index ETF (BATS:NXTI) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,472 shares of the company’s stock, valued at approximately $636,000. Citadel Advisors LLC owned about 38.94% of Simplify NEXT Intangible Core Index ETF as of its most recent SEC filing.

Simplify NEXT Intangible Core Index ETF Company Profile

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.