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 growth in short interest in October. As of October 15th, there was short interest totaling 260,200 shares, a growth of 199.4% from the September 30th total of 86,900 shares. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 5.4 days. Currently, 12.7% of the company’s stock are sold short. Currently, 12.7% of the company’s stock are sold short. Based on an average daily trading volume, of 48,300 shares, the short-interest ratio is presently 5.4 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 4.6%

Shares of Simplify Bitcoin Strategy PLUS Income ETF stock opened at $24.80 on Friday. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $13.82 and a one year high of $36.34. The business has a 50-day simple moving average of $27.85 and a 200 day simple moving average of $29.50.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 28th were given a $1.00 dividend. This represents a c) dividend on an annualized basis and a yield of 48.4%. The ex-dividend date of this dividend was Tuesday, October 28th.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth approximately $310,000. OLD Mission Capital LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 1st quarter worth approximately $276,000. Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 3.1% during the 2nd quarter. Cambridge Advisors Inc. now owns 19,524 shares of the company’s stock worth $587,000 after purchasing an additional 581 shares in the last quarter. Napa Wealth Management increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 14.4% during the 1st quarter. Napa Wealth Management now owns 66,388 shares of the company’s stock worth $1,330,000 after purchasing an additional 8,355 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth approximately $810,000.

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.