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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,958 shares, a decrease of 66.0% from the July 30th total of 14,591 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 10,489 shares, the short-interest ratio is presently 0.5 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Down 7.9%

MAXI stock traded down $1.14 during midday trading on Friday, hitting $13.33. The stock had a trading volume of 25,279 shares, compared to its average volume of 31,607. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $8.22 and a 12-month high of $32.28. The company’s 50-day moving average price is $9.64 and its 200 day moving average price is $10.11.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.05 per share. The ex-dividend date is Wednesday, August 26th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $57,000. Nwam LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth about $281,000. Orion Porfolio Solutions LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at about $287,000. Cambridge Advisors Inc. grew its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% in the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock valued at $312,000 after buying an additional 1,330 shares during the period. Finally, Proficio Capital Partners LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $569,000.

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.