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 growth in short interest in August. As of August 31st, there was short interest totaling 12,946 shares, a growth of 161.1% from the August 15th total of 4,958 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 42,881 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter worth about $1,159,000. Mid American Wealth Advisory Group Inc. increased its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after acquiring an additional 55,738 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at approximately $569,000. Nwam LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter worth $281,000. Finally, Cambridge Advisors Inc. increased its stake 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 valued at $312,000 after purchasing an additional 1,330 shares in the last quarter.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 5.3%

Shares of NASDAQ:MAXI traded up $0.70 during trading on Monday, hitting $13.94. 11,316 shares of the company were exchanged, compared to its average volume of 31,300. Simplify Bitcoin Strategy PLUS Income ETF has a 52-week low of $8.22 and a 52-week high of $32.28. The stock has a 50 day moving average of $10.76 and a 200 day moving average of $10.39.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 26th were given a $0.05 dividend. The ex-dividend date was Wednesday, August 26th.

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.