Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) shares passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $11.23 and traded as low as $10.63. Simplify Bitcoin Strategy PLUS Income ETF shares last traded at $10.73, with a volume of 23,517 shares.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 7.3%

The firm’s 50 day moving average is $13.91 and its two-hundred day moving average is $11.23.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 27th were paid a $0.05 dividend. The ex-dividend date was Tuesday, October 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mid American Wealth Advisory Group Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 14.5% during the 3rd quarter. Mid American Wealth Advisory Group Inc. now owns 84,042 shares of the company’s stock worth $1,263,000 after purchasing an additional 10,611 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $569,000. Nwam LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth approximately $281,000. Finally, Mather Group LLC. acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at approximately $63,000.

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.