Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Significant Growth in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 6,900 shares, an increase of 1,050.0% from the June 15th total of 600 shares. Based on an average daily trading volume, of 17,100 shares, the short-interest ratio is currently 0.4 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of NASDAQ MAXI traded down $0.14 during trading on Thursday, hitting $24.16. The stock had a trading volume of 14,926 shares, compared to its average volume of 30,964. The firm has a fifty day moving average of $27.62 and a two-hundred day moving average of $25.71. Simplify Bitcoin Strategy PLUS Income ETF has a 12 month low of $14.40 and a 12 month high of $32.41.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Shareholders of record on Tuesday, June 25th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, June 25th. This represents a $1.80 annualized dividend and a yield of 7.45%.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A hedge fund recently raised its stake in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. increased its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 4.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,655 shares of the company’s stock after acquiring an additional 425 shares during the quarter. Cambridge Advisors Inc. owned approximately 1.57% of Simplify Bitcoin Strategy PLUS Income ETF worth $329,000 as of its most recent SEC filing.

Simplify Bitcoin Strategy PLUS Income ETF Company Profile

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund is actively managed, aiming to provide capital appreciation and income. The fund holds long Bitcoin futures, short-term debt instruments, and near-term equity index put or call spreads MAXI was launched on Sep 29, 2022 and is managed by Simplify.