Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 43.8% in May

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 4,916 shares, a drop of 43.8% from the May 14th total of 8,740 shares. Based on an average daily trading volume, of 27,299 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter valued at approximately $1,159,000. Cambridge Advisors Inc. lifted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after purchasing an additional 1,330 shares during the last quarter. Mid American Wealth Advisory Group Inc. lifted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% during the 4th 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 last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $287,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $57,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

Shares of MAXI stock opened at $9.01 on Friday. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $8.37 and a 52 week high of $36.34. The firm has a 50 day moving average of $10.66 and a two-hundred day moving average of $12.20.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 29th. Shareholders of record on Tuesday, May 26th were given a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, May 26th.

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.