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. Based on an average daily volume of 8,470 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the company’s stock are short sold.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently bought and sold shares of the company. Cambridge Advisors Inc. raised its holdings in shares of 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 last quarter. Osaic Holdings Inc. acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth $57,000. Orion Porfolio Solutions LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth $287,000. Finally, Authentikos Wealth Advisory LLC bought a new position in Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter valued at $1,159,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

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 12 month low of $8.22 and a 12 month high of $33.69. The business’s fifty 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 company also recently announced 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) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend 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.