Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 66.0% in August

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a large decrease in short interest in August. As of August 14th, there was short interest totaling 4,958 shares, a decrease of 66.0% from the July 30th total of 14,591 shares. Based on an average daily trading volume, of 10,489 shares, the short-interest ratio is currently 0.5 days. Approximately 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at $287,000. Osaic Holdings Inc. purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter valued at about $57,000. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter worth about $1,159,000. Cambridge Advisors Inc. boosted its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the first quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after buying an additional 1,330 shares during the period. Finally, Nwam LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $281,000.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ:MAXI traded down $1.14 during midday trading on Friday, hitting $13.33. 25,279 shares of the company were exchanged, compared to its average volume of 31,607. Simplify Bitcoin Strategy PLUS Income ETF has a fifty-two week low of $8.22 and a fifty-two week high of $32.28. The company has a fifty day simple moving average of $9.55 and a 200 day simple moving average of $10.09.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, August 31st. Stockholders of record on Wednesday, August 26th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, August 26th.

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.