Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 2,549 shares, a drop of 96.5% from the December 15th total of 72,046 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 87,090 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 87,090 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently made changes to their positions in the business. Mid American Wealth Advisory Group Inc. acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at approximately $310,000. Cambridge Advisors Inc. grew its position in Simplify Bitcoin Strategy PLUS Income ETF by 3.1% in the second quarter. Cambridge Advisors Inc. now owns 19,524 shares of the company’s stock worth $587,000 after buying an additional 581 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at $810,000. Osaic Holdings Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $57,000. Finally, Orion Porfolio Solutions LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ:MAXI traded up $0.77 during midday trading on Wednesday, hitting $16.70. 93,044 shares of the stock were exchanged, compared to its average volume of 46,305. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $13.82 and a one year high of $36.34. The business has a 50-day moving average price of $16.60 and a two-hundred day moving average price of $25.08.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a dividend of $0.37 per share. This represents a c) dividend on an annualized basis and a yield of 26.6%. The ex-dividend date of this dividend was Tuesday, December 23rd.

About Simplify Bitcoin Strategy PLUS Income ETF

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.