Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Price Down 2.8% – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) shares traded down 2.8% during trading on Friday . The stock traded as low as $23.44 and last traded at $24.22. 81,315 shares changed hands during trading, an increase of 57% from the average session volume of 51,891 shares. The stock had previously closed at $24.91.

Simplify Bitcoin Strategy PLUS Income ETF Trading Down 2.8%

The business has a fifty day moving average price of $29.00 and a 200 day moving average price of $28.93.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $1.00 per share. This represents a c) dividend on an annualized basis and a yield of 49.5%. The ex-dividend date was Thursday, September 25th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth $57,000. OLD Mission Capital LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 1st quarter valued at approximately $276,000. Orion Porfolio Solutions LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $287,000. Mid American Wealth Advisory Group Inc. acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at approximately $310,000. Finally, Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 28.3% in the first 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 period.

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.