Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) shares passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $11.23 and traded as low as $10.63. Simplify Bitcoin Strategy PLUS Income ETF shares last traded at $10.73, with a volume of 23,517 shares changing hands.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

The company’s 50-day moving average price is $13.91 and its 200-day moving average price is $11.23.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 27th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, October 27th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds have recently added to or reduced their stakes in MAXI. Mid American Wealth Advisory Group Inc. grew its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.5% during the third quarter. Mid American Wealth Advisory Group Inc. now owns 84,042 shares of the company’s stock worth $1,263,000 after purchasing an additional 10,611 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth about $63,000. Proficio Capital Partners LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $569,000. Finally, Nwam LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $281,000.

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.