Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Up 86.8% in July

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 14,591 shares, an increase of 86.8% from the July 15th total of 7,812 shares. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 8,470 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently made changes to their positions in the company. Authentikos Wealth Advisory LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter worth $1,159,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $287,000. Osaic Holdings Inc. bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at approximately $57,000. Finally, Cambridge Advisors Inc. raised its holdings 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 worth $312,000 after purchasing an additional 1,330 shares during the period.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 0.9%

Shares of NASDAQ MAXI traded down $0.08 during trading on Friday, reaching $8.68. The company had a trading volume of 15,172 shares, compared to its average volume of 30,517. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $8.22 and a 52 week high of $33.69. The business’s 50 day moving average price is $8.99 and its 200-day moving average price is $10.15.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 28th were given a $0.03 dividend. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, July 28th.

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.