Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Large Decline in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 7,812 shares, a decrease of 55.5% from the June 30th total of 17,557 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 13,459 shares, the days-to-cover ratio is currently 0.6 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

MAXI stock traded down $0.06 during midday trading on Wednesday, reaching $8.92. The company had a trading volume of 6,604 shares, compared to its average volume of 32,194. The stock has a 50 day moving average price of $9.35 and a 200 day moving average price of $10.71. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.22 and a fifty-two week high of $34.73.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 28th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently added to or reduced their stakes in MAXI. Cambridge Advisors Inc. lifted its stake in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% in the first quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock valued at $312,000 after buying an additional 1,330 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter valued at about $1,159,000. Mid American Wealth Advisory Group Inc. lifted its position in Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock valued at $253,000 after purchasing an additional 4,341 shares during the last quarter. Osaic Holdings Inc. acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $57,000. Finally, Orion Porfolio Solutions LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $287,000.

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.