Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Drops By 53.3%

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

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of NASDAQ MAXI traded down $0.45 during trading hours on Friday, reaching $9.30. The stock had a trading volume of 26,825 shares, compared to its average volume of 44,775. The business’s fifty day moving average is $11.19 and its two-hundred day moving average is $17.85. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $9.20 and a twelve month high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were given a $0.10 dividend. This represents a c) annualized dividend and a yield of 12.9%. The ex-dividend date of this dividend was Tuesday, January 27th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

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