Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 43.8% in May

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 4,916 shares, a drop of 43.8% from the May 14th total of 8,740 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 27,299 shares, the short-interest ratio is presently 0.2 days.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 0.1%

Simplify Bitcoin Strategy PLUS Income ETF stock opened at $9.01 on Friday. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.37 and a fifty-two week high of $36.34. The firm has a 50 day moving average price of $10.66 and a 200 day moving average price of $12.20.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 26th were issued a $0.10 dividend. The ex-dividend date was Tuesday, May 26th.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% in the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock valued at $312,000 after purchasing an additional 1,330 shares during the last quarter. Osaic Holdings Inc. acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $57,000. Mid American Wealth Advisory Group Inc. increased its holdings in 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 last quarter. Orion Porfolio Solutions LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $287,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter valued at 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.