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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totaling 3,166 shares, a decrease of 36.9% from the March 15th total of 5,014 shares. Based on an average daily trading volume, of 22,014 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds have recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter worth $1,159,000. Cambridge Advisors Inc. boosted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 46.4% in the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock worth $449,000 after buying an additional 9,948 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter worth $810,000. Mid American Wealth Advisory Group Inc. boosted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in the fourth 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, Orion Porfolio Solutions LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter worth $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 2.0%

Shares of MAXI stock traded up $0.21 during mid-day trading on Tuesday, hitting $10.73. 17,455 shares of the stock traded hands, compared to its average volume of 41,529. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $9.20 and a twelve month high of $36.34. The company’s 50-day simple moving average is $10.16 and its 200-day simple moving average is $16.11.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.10 per share. The ex-dividend date was Tuesday, January 27th. This represents a c) annualized dividend and a dividend yield of 11.2%.

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.