Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Up 459.0% in June

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 27,479 shares, a growth of 459.0% from the May 31st total of 4,916 shares. Approximately 0.9% of the company’s shares are sold short. Based on an average daily trading volume, of 32,098 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter worth approximately $1,159,000. Cambridge Advisors Inc. lifted its holdings in 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 buying an additional 1,330 shares during the period. Mid American Wealth Advisory Group Inc. lifted its holdings in 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 valued at $253,000 after buying an additional 4,341 shares during the period. Orion Porfolio Solutions LLC bought a new position in Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at approximately $287,000. Finally, Osaic Holdings Inc. acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $57,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 1.7%

Shares of MAXI traded up $0.14 during trading hours on Friday, hitting $8.52. 17,103 shares of the stock traded hands, compared to its average volume of 35,538. Simplify Bitcoin Strategy PLUS Income ETF has a 1-year low of $8.25 and a 1-year high of $36.34. The business has a fifty day moving average of $10.47 and a 200-day moving average of $11.70.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a dividend of $0.08 per share. This represents a c) annualized dividend and a yield of 11.3%. The ex-dividend date of this dividend is Thursday, June 25th.

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.