Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Rises By 86.8%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant increase in short interest during the month of July. As of July 31st, there was short interest totaling 14,591 shares, an increase of 86.8% from the July 15th total of 7,812 shares. Approximately 0.5% of the shares of the company are sold short. Based on an average trading volume of 8,470 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter valued at $1,159,000. Cambridge Advisors Inc. increased its position in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after purchasing an additional 1,330 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $287,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $57,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 3.8%

Shares of NASDAQ:MAXI traded up $0.33 during trading on Monday, reaching $8.98. The company had a trading volume of 10,072 shares, compared to its average volume of 30,385. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.22 and a fifty-two week high of $32.28. The stock’s fifty day moving average price is $8.99 and its 200 day moving average price is $10.12.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 28th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, July 28th. This represents a c) annualized dividend and a yield of 4.0%.

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.