Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Decreases By 66.0%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 4,958 shares, a decrease of 66.0% from the July 30th total of 14,591 shares. Based on an average daily volume of 10,489 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

Shares of MAXI traded down $1.14 during trading on Friday, reaching $13.33. 25,279 shares of the company traded hands, compared to its average volume of 31,607. The stock has a 50-day simple moving average of $9.55 and a 200-day simple moving average of $10.09. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $8.22 and a twelve month high of $32.28.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 26th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 26th.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Hedge funds have recently added to or reduced their stakes in the business. Mid American Wealth Advisory Group Inc. grew its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after acquiring an additional 55,738 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $569,000. Nwam LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth about $281,000. Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the 1st 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 period. Finally, Authentikos Wealth Advisory LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter worth about $1,159,000.

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.