Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Price Down 1.9% – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s stock price fell 1.9% on Monday . The stock traded as low as $23.32 and last traded at $23.52. 29,469 shares changed hands during trading, an increase of 11% from the average session volume of 26,596 shares. The stock had previously closed at $23.97.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 2.3 %

The company has a fifty day moving average of $22.22 and a two-hundred day moving average of $25.36.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th were given a $1.00 dividend. This represents a $12.00 annualized dividend and a yield of 52.11%. The ex-dividend date was Wednesday, September 25th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A hedge fund recently raised its stake in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. raised its holdings in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 4.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,655 shares of the company’s stock after acquiring an additional 425 shares during the quarter. Cambridge Advisors Inc. owned approximately 1.57% of Simplify Bitcoin Strategy PLUS Income ETF worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

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.