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 February. As of February 27th, there was short interest totaling 10,727 shares, an increase of 1,102.6% from the February 12th total of 892 shares. Based on an average daily trading volume, of 41,088 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 41,088 shares, the days-to-cover ratio is presently 0.3 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of MAXI traded up $0.31 during mid-day trading on Wednesday, hitting $10.33. 1,614 shares of the company traded hands, compared to its average volume of 51,096. Simplify Bitcoin Strategy PLUS Income ETF has a 1-year low of $9.32 and a 1-year high of $36.34. The business has a 50 day moving average of $12.56 and a 200 day moving average of $19.33.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were paid a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date was Tuesday, January 27th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Hedge funds have recently made changes to their positions in the company. Mid American Wealth Advisory Group Inc. boosted its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 29.6% in the third quarter. Mid American Wealth Advisory Group Inc. now owns 13,352 shares of the company’s stock worth $371,000 after buying an additional 3,049 shares during the last quarter. Cambridge Advisors Inc. raised its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock valued at $449,000 after acquiring an additional 9,948 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter valued at approximately $1,159,000. Orion Porfolio Solutions LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at approximately $287,000. Finally, Osaic Holdings Inc. purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth approximately $57,000.

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.