Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Significant Decline in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 4,916 shares, a decline of 43.8% from the May 14th total of 8,740 shares. Based on an average daily volume of 27,299 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

NASDAQ:MAXI traded up $0.40 during mid-day trading on Monday, hitting $9.41. 16,867 shares of the company traded hands, compared to its average volume of 36,620. The stock’s fifty day moving average price is $10.66 and its 200-day moving average price is $12.13. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $8.37 and a one year high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Friday, May 29th. Stockholders of record on Tuesday, May 26th were given a $0.10 dividend. The ex-dividend date was Tuesday, May 26th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at about $57,000. Mid American Wealth Advisory Group Inc. lifted 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 valued at $253,000 after acquiring an additional 4,341 shares in the last quarter. Orion Porfolio Solutions LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at about $287,000. Cambridge Advisors Inc. lifted its position in shares of 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 worth $312,000 after buying an additional 1,330 shares in the last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter worth about $1,159,000.

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.