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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,014 shares, a decrease of 53.3% from the February 26th total of 10,727 shares. Based on an average daily trading volume, of 32,771 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 3.5%

Shares of MAXI traded down $0.35 on Thursday, reaching $9.75. The company’s stock had a trading volume of 32,827 shares, compared to its average volume of 45,085. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $9.32 and a twelve month high of $36.34. The firm has a fifty day moving average of $11.45 and a 200-day moving average of $18.04.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were issued a $0.10 dividend. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 12.3%.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of hedge funds and other institutional investors have recently modified their holdings of MAXI. Mid American Wealth Advisory Group Inc. increased its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 29.6% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 13,352 shares of the company’s stock valued at $371,000 after acquiring an additional 3,049 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at $810,000. Cambridge Advisors Inc. increased its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 9.9% during the 3rd quarter. Cambridge Advisors Inc. now owns 21,454 shares of the company’s stock valued at $596,000 after purchasing an additional 1,930 shares during the last quarter. Orion Porfolio Solutions LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $287,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $57,000.

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.