Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 55.5% in July

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 7,812 shares, a drop of 55.5% from the June 30th total of 17,557 shares. Based on an average daily trading volume, of 13,459 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 0.7%

MAXI stock opened at $8.92 on Thursday. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.22 and a fifty-two week high of $34.73. The business’s 50 day moving average price is $9.31 and its two-hundred day moving average price is $10.66.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 28th will be given a dividend of $0.03 per share. The ex-dividend date is Tuesday, July 28th. This represents a c) annualized dividend and a dividend yield of 4.0%.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter valued at $1,159,000. Cambridge Advisors Inc. grew its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% in the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock worth $449,000 after purchasing an additional 9,948 shares during the period. Orion Porfolio Solutions LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at approximately $287,000. Mid American Wealth Advisory Group Inc. lifted its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 32.5% during the fourth quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock valued at $253,000 after purchasing an additional 4,341 shares during the last quarter. Finally, Osaic Holdings Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth approximately $57,000.

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.