Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Expands By 459.0%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 27,479 shares, a growth of 459.0% from the May 31st total of 4,916 shares. Based on an average daily trading volume, of 32,098 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.9% of the shares of the stock are short sold.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

A number of hedge funds have recently bought and sold shares of the company. Orion Porfolio Solutions LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the second quarter worth about $287,000. Osaic Holdings Inc. purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $57,000. 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 worth $449,000 after acquiring an additional 9,948 shares in the last quarter. Mid American Wealth Advisory Group Inc. raised its position 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 acquiring an additional 4,341 shares during the last quarter. Finally, Authentikos Wealth Advisory LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter worth $1,159,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 0.6%

Shares of NASDAQ:MAXI traded up $0.05 during midday trading on Friday, reaching $8.43. 49,331 shares of the company were exchanged, compared to its average volume of 35,804. The stock has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $11.68. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.25 and a fifty-two week high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, June 25th. This represents a c) annualized dividend and a dividend yield of 11.4%.

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.