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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 7,812 shares, a decline of 55.5% from the June 30th total of 17,557 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 13,459 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently bought and sold shares of the business. Cambridge Advisors Inc. increased its stake 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 valued at $312,000 after purchasing an additional 1,330 shares during the period. Authentikos Wealth Advisory LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter valued at approximately $1,159,000. Mid American Wealth Advisory Group Inc. lifted its position in 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 acquiring an additional 4,341 shares during the period. Osaic Holdings Inc. purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $57,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ MAXI traded down $0.30 on Tuesday, reaching $8.98. The stock had a trading volume of 7,067 shares, compared to its average volume of 32,373. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $8.22 and a 12-month high of $34.73. The business’s 50-day moving average price is $9.39 and its 200 day moving average price is $10.75.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.08 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.