Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 5,014 shares, a drop of 53.3% from the February 26th total of 10,727 shares. Based on an average trading volume of 32,771 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ MAXI traded down $0.35 during trading on Thursday, hitting $9.75. 32,827 shares of the company’s stock traded hands, compared to its average volume of 45,085. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $9.32 and a 12-month high of $36.34. The business has a 50 day moving average of $11.45 and a 200-day moving average of $18.04.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 12.3%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MAXI. Osaic Holdings Inc. bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at $57,000. Cambridge Advisors Inc. boosted its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 9.9% in the third quarter. Cambridge Advisors Inc. now owns 21,454 shares of the company’s stock worth $596,000 after acquiring an additional 1,930 shares during the period. Mid American Wealth Advisory Group Inc. grew its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 29.6% in the third quarter. Mid American Wealth Advisory Group Inc. now owns 13,352 shares of the company’s stock valued at $371,000 after purchasing an additional 3,049 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at $287,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at $810,000.

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.