Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Short Interest Falls 79.9%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large decrease in short interest in October. As of October 15th, there was short interest totaling 3,528 shares, a decrease of 79.9% from the September 30th total of 17,548 shares. Based on an average daily trading volume, of 22,645 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

Shares of NASDAQ:MAXI opened at $13.23 on Tuesday. The firm has a fifty day moving average of $13.88 and a two-hundred day moving average of $11.44. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $8.22 and a 12-month high of $28.38.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Wednesday, September 30th. Shareholders of record on Friday, September 25th were paid a $0.05 dividend. The ex-dividend date was Friday, September 25th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. raised its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 315.0% during the second quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock valued at $609,000 after buying an additional 55,738 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $569,000. Nwam LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at about $281,000. Finally, Mather Group LLC. acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at about $63,000.

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.