Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Up 173.1% in May

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a large increase in short interest in the month of May. As of May 31st, there was short interest totalling 14,200 shares, an increase of 173.1% from the May 15th total of 5,200 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 40,500 shares, the days-to-cover ratio is presently 0.4 days.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

MAXI opened at $29.92 on Friday. The business’s fifty day moving average is $27.71 and its 200-day moving average is $26.76. Simplify Bitcoin Strategy PLUS Income ETF has a 52-week low of $13.82 and a 52-week high of $35.77.

Simplify Bitcoin Strategy PLUS Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Tuesday, May 27th were given a $0.50 dividend. The ex-dividend date was Tuesday, May 27th. This represents a $6.00 dividend on an annualized basis and a yield of 20.05%. This is a positive change from Simplify Bitcoin Strategy PLUS Income ETF’s previous monthly dividend of $0.30.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently added to or reduced their stakes in MAXI. Orion Portfolio Solutions LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter worth approximately $217,000. Napa Wealth Management increased its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 187.0% in the fourth quarter. Napa Wealth Management now owns 58,033 shares of the company’s stock worth $1,551,000 after purchasing an additional 37,811 shares in the last quarter. Cambridge Advisors Inc. grew its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 28.3% during the 1st quarter. Cambridge Advisors Inc. now owns 18,943 shares of the company’s stock valued at $379,000 after buying an additional 4,180 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 1st quarter worth about $276,000.

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.