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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,528 shares, a drop of 79.9% from the September 30th total of 17,548 shares. Based on an average daily volume of 22,645 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently made changes to their positions in MAXI. Mid American Wealth Advisory Group Inc. lifted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% during the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after purchasing an additional 55,738 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $569,000. Nwam LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $281,000. Finally, Mather Group LLC. bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at approximately $63,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 3.2%

Shares of MAXI opened at $13.23 on Tuesday. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $8.22 and a one year high of $28.38. The company’s fifty day moving average price is $13.88 and its 200 day moving average price is $11.44.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, September 25th.

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.