Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Large Increase in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 14,591 shares, an increase of 86.8% from the July 15th total of 7,812 shares. Currently, 0.5% of the shares of the company are short sold. Based on an average trading volume of 8,470 shares, the short-interest ratio is currently 1.7 days.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MAXI. Osaic Holdings Inc. bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $57,000. Orion Porfolio Solutions LLC bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth about $287,000. Cambridge Advisors Inc. increased its holdings in shares of 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 acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter valued at about $1,159,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ MAXI opened at $8.98 on Tuesday. The stock has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $10.08. 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 monthly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 28th were given a $0.03 dividend. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Tuesday, July 28th.

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.