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 decrease in short interest in the month of June. As of June 30th, there was short interest totaling 17,557 shares, a decrease of 36.1% from the June 15th total of 27,479 shares. Based on an average daily trading volume, of 20,331 shares, the short-interest ratio is presently 0.9 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MAXI. Cambridge Advisors Inc. raised its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the first quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after purchasing an additional 1,330 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter worth $1,159,000. Mid American Wealth Advisory Group Inc. grew its position in Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in the 4th 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 last quarter. Osaic Holdings Inc. purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $57,000. Finally, Orion Porfolio Solutions LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of NASDAQ MAXI traded down $0.07 during midday trading on Friday, reaching $9.15. 5,465 shares of the company were exchanged, compared to its average volume of 33,491. Simplify Bitcoin Strategy PLUS Income ETF has a 1 year low of $8.22 and a 1 year high of $35.88. The stock has a fifty day simple moving average of $9.72 and a 200 day simple moving average of $11.02.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.08 per share. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date of this dividend was Thursday, June 25th.

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.