Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Grows By 231.6%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 56,700 shares, a growth of 231.6% from the August 31st total of 17,100 shares. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is presently 1.6 days. Based on an average daily trading volume, of 34,700 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in MAXI. Osaic Holdings Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $57,000. OLD Mission Capital LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 1st quarter valued at approximately $276,000. Orion Porfolio Solutions LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $287,000. Mid American Wealth Advisory Group Inc. bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $310,000. Finally, Cambridge Advisors Inc. grew its holdings in shares of 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 purchasing an additional 4,180 shares during the last quarter.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of NASDAQ:MAXI opened at $30.94 on Friday. The firm has a 50 day moving average of $29.66 and a 200-day moving average of $28.47. Simplify Bitcoin Strategy PLUS Income ETF has a 12 month low of $13.82 and a 12 month high of $36.34.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a c) annualized dividend and a dividend yield of 38.8%.

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.