Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Up 459.0% in June

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 27,479 shares, an increase of 459.0% from the May 31st total of 4,916 shares. Based on an average daily volume of 32,098 shares, the short-interest ratio is presently 0.9 days. Approximately 0.9% of the company’s shares are sold short.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 1.7%

NASDAQ MAXI traded up $0.14 on Friday, reaching $8.52. The company had a trading volume of 17,103 shares, compared to its average volume of 35,538. The stock’s 50 day moving average is $10.47 and its 200-day moving average is $11.70. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $8.25 and a 52 week high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.08 per share. The ex-dividend date is Thursday, June 25th. This represents a c) annualized dividend and a yield of 11.3%.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently modified their holdings of the business. Cambridge Advisors Inc. raised its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the first quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after purchasing an additional 1,330 shares during the period. Osaic Holdings Inc. bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $57,000. Mid American Wealth Advisory Group Inc. grew its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock valued at $253,000 after purchasing an additional 4,341 shares during the period. Orion Porfolio Solutions LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $287,000. Finally, Authentikos Wealth Advisory LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter worth approximately $1,159,000.

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.