Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Falls 2.5% – Time to Sell?

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was down 2.5% on Friday. The company traded as low as $13.63 and last traded at $13.88. Approximately 11,017 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 30,888 shares. The stock had previously closed at $14.24.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

The stock’s 50-day moving average price is $13.47 and its two-hundred day moving average price is $11.16.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Wednesday, September 30th. Stockholders of record on Friday, September 25th were given a $0.05 dividend. The ex-dividend date was Friday, September 25th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Mather Group LLC. bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter worth approximately $63,000. Mid American Wealth Advisory Group Inc. grew its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after purchasing an additional 55,738 shares during the last quarter. Proficio Capital Partners LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at about $569,000. Nwam LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth approximately $281,000. Finally, 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 valued at $312,000 after purchasing an additional 1,330 shares during the period.

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.