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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large growth in short interest in May. As of May 15th, there was short interest totaling 8,740 shares, a growth of 75.2% from the April 30th total of 4,988 shares. Based on an average trading volume of 31,918 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in MAXI. Osaic Holdings Inc. purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth about $57,000. Mid American Wealth Advisory Group Inc. increased its stake 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 valued at $253,000 after acquiring an additional 4,341 shares during the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $287,000. Cambridge Advisors Inc. increased its stake 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 valued at $312,000 after acquiring an additional 1,330 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth approximately $810,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ:MAXI remained flat at $10.17 during trading hours on Tuesday. 50,615 shares of the company were exchanged, compared to its average volume of 37,046. The firm’s fifty day moving average is $10.78 and its 200-day moving average is $12.73. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $9.20 and a 12-month high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Investors of record on Tuesday, May 26th were issued a dividend of $0.10 per share. 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.