Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Declines By 53.3%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 5,014 shares, a decrease of 53.3% from the February 26th total of 10,727 shares. Based on an average daily volume of 32,771 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MAXI. Osaic Holdings Inc. purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at $57,000. 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 in the last quarter. Orion Porfolio Solutions LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at $287,000. Cambridge Advisors Inc. boosted its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock valued at $449,000 after buying an additional 9,948 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter worth about $810,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Down 4.6%

Simplify Bitcoin Strategy PLUS Income ETF stock traded down $0.45 during trading hours on Friday, hitting $9.30. The stock had a trading volume of 26,825 shares, compared to its average volume of 44,775. Simplify Bitcoin Strategy PLUS Income ETF has a 12-month low of $9.20 and a 12-month high of $36.34. The stock’s 50-day moving average price is $11.19 and its 200-day moving average price is $17.78.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date was Tuesday, January 27th.

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.