Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large drop in short interest in 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. Based on an average trading volume of 27,299 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors and hedge funds have recently modified their holdings of MAXI. Orion Porfolio Solutions LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at approximately $287,000. Osaic Holdings Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at approximately $57,000. Cambridge Advisors Inc. raised its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock valued at $449,000 after buying an additional 9,948 shares during the last quarter. Mid American Wealth Advisory Group Inc. raised its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock valued at $253,000 after buying an additional 4,341 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter valued at approximately $1,159,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ MAXI traded down $0.16 on Tuesday, reaching $9.25. 20,236 shares of the stock were exchanged, compared to its average volume of 36,477. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $8.37 and a one year high of $36.34. The company’s 50-day simple moving average is $10.66 and its two-hundred day simple moving average is $12.13.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 26th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, May 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.