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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 260,200 shares, an increase of 199.4% from the September 30th total of 86,900 shares. Approximately 12.7% of the shares of the company are short sold. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is currently 5.4 days. Based on an average daily trading volume, of 48,300 shares, the days-to-cover ratio is currently 5.4 days. Approximately 12.7% of the shares of the company are short sold.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors have recently modified their holdings of MAXI. Osaic Holdings Inc. purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth about $57,000. OLD Mission Capital LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 1st quarter worth approximately $276,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth approximately $287,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth $310,000. Finally, Cambridge Advisors Inc. boosted its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 3.1% in the second quarter. Cambridge Advisors Inc. now owns 19,524 shares of the company’s stock valued at $587,000 after buying an additional 581 shares in the last quarter.

Simplify Bitcoin Strategy PLUS Income ETF Stock Down 6.3%

Shares of NASDAQ MAXI opened at $25.39 on Thursday. The company has a 50-day moving average of $28.09 and a 200 day moving average of $29.51. 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 28th will be issued a $1.00 dividend. This represents a c) annualized dividend and a dividend yield of 47.3%. The ex-dividend date is Tuesday, October 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.