Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Up 987.0% in January

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 27,708 shares, a growth of 987.0% from the December 31st total of 2,549 shares. Based on an average trading volume of 44,980 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.9% of the company’s shares are short sold. Approximately 0.9% of the company’s shares are short sold. Based on an average trading volume of 44,980 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cambridge Advisors Inc. raised its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% in the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock valued at $449,000 after purchasing an additional 9,948 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter valued at about $810,000. Mid American Wealth Advisory Group Inc. increased its stake in 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 worth $253,000 after purchasing an additional 4,341 shares during the period. Orion Porfolio Solutions LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at approximately $287,000. Finally, Osaic Holdings Inc. purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at approximately $57,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

Simplify Bitcoin Strategy PLUS Income ETF stock traded down $1.09 during midday trading on Thursday, hitting $13.46. 62,949 shares of the stock were exchanged, compared to its average volume of 49,399. The stock’s 50-day simple moving average is $15.47 and its 200 day simple moving average is $23.83. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $13.31 and a fifty-two week high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, January 27th.

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.