Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Trading Up 3% – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s share price shot up 3% during trading on Friday . The stock traded as high as $30.15 and last traded at $30.15. 38,760 shares traded hands during mid-day trading, an increase of 38% from the average session volume of 28,046 shares. The stock had previously closed at $29.27.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 3.0 %

The stock’s 50 day moving average is $23.18 and its 200 day moving average is $25.05.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Monday, October 28th were given a $1.00 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $12.00 annualized dividend and a dividend yield of 39.80%.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Cambridge Advisors Inc. increased its position in Simplify Bitcoin Strategy PLUS Income ETF by 3.9% during the second quarter. Cambridge Advisors Inc. now owns 11,074 shares of the company’s stock worth $279,000 after buying an additional 419 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth $389,000. Finally, Napa Wealth Management purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at $447,000.

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.