Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Declines By 97.4%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 892 shares, a decrease of 97.4% from the January 29th total of 33,827 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 67,901 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 67,901 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

Hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth approximately $57,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $287,000. Mid American Wealth Advisory Group Inc. increased its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 29.6% in the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 13,352 shares of the company’s stock valued at $371,000 after purchasing an additional 3,049 shares during the last quarter. Cambridge Advisors Inc. raised its holdings 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 worth $596,000 after buying an additional 1,930 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth $810,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Down 2.4%

Shares of MAXI stock traded down $0.24 on Friday, reaching $9.63. The stock had a trading volume of 14,227 shares, compared to its average volume of 53,762. Simplify Bitcoin Strategy PLUS Income ETF has a 12 month low of $9.32 and a 12 month high of $36.34. The firm’s 50-day moving average is $13.29 and its two-hundred day moving average is $20.68.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 27th were issued a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date was Tuesday, January 27th.

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.