Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 36.1% in June

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 17,557 shares, a decline of 36.1% from the June 15th total of 27,479 shares. Based on an average trading volume of 20,331 shares, the short-interest ratio is presently 0.9 days. Approximately 0.6% of the shares of the company are sold short.

Simplify Bitcoin Strategy PLUS Income ETF Stock Down 0.8%

Shares of MAXI traded down $0.07 during midday trading on Friday, reaching $9.15. 5,465 shares of the stock were exchanged, compared to its average volume of 33,491. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $8.22 and a twelve month high of $35.88. The business’s 50-day moving average price is $9.72 and its 200 day moving average price is $11.02.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a c) annualized dividend and a yield of 10.5%.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently modified their holdings of MAXI. Osaic Holdings Inc. acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $57,000. Mid American Wealth Advisory Group Inc. boosted its stake in Simplify Bitcoin Strategy PLUS Income ETF by 32.5% during the 4th quarter. Mid American Wealth Advisory Group Inc. now owns 17,693 shares of the company’s stock worth $253,000 after purchasing an additional 4,341 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth $287,000. Cambridge Advisors Inc. grew its position 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 last quarter. Finally, Authentikos Wealth Advisory LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter worth $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.