Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 33,827 shares, an increase of 22.1% from the January 15th total of 27,708 shares. Based on an average daily volume of 53,711 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.1% of the company’s stock are short sold. Currently, 1.1% of the company’s stock are short sold. Based on an average daily volume of 53,711 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors have recently bought and sold shares of MAXI. Osaic Holdings Inc. bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth approximately $57,000. Mid American Wealth Advisory Group Inc. grew its position in Simplify Bitcoin Strategy PLUS Income ETF by 32.5% in 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 in the last quarter. Orion Porfolio Solutions LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $287,000. Cambridge Advisors Inc. lifted its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the 4th quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock worth $449,000 after buying an additional 9,948 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth about $810,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

Shares of MAXI stock opened at $9.96 on Thursday. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $9.69 and a 12-month high of $36.34. The firm has a fifty day moving average of $13.92 and a 200-day moving average of $21.49.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a dividend of $0.10 per share. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, January 27th.

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.