Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Rises By 459.0%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 27,479 shares, an increase of 459.0% from the May 31st total of 4,916 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 32,098 shares, the short-interest ratio is currently 0.9 days.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 0.6%

MAXI stock traded up $0.05 during trading on Friday, hitting $8.43. 49,331 shares of the company traded hands, compared to its average volume of 35,804. The company has a 50-day moving average of $10.42 and a 200-day moving average of $11.68. Simplify Bitcoin Strategy PLUS Income ETF has a 1 year low of $8.25 and a 1 year high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a $0.08 dividend. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date of this dividend is Thursday, June 25th.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of large investors have recently added to or reduced their stakes in MAXI. Orion Porfolio Solutions LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at about $287,000. Osaic Holdings Inc. purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $57,000. Cambridge Advisors Inc. raised its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the 4th quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock valued at $449,000 after purchasing an additional 9,948 shares during the last quarter. Mid American Wealth Advisory Group Inc. lifted its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock worth $253,000 after buying an additional 4,341 shares during the period. Finally, Authentikos Wealth Advisory LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter worth approximately $1,159,000.

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.