Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Rises By 22.1%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 33,827 shares, a growth of 22.1% from the January 15th total of 27,708 shares. Based on an average trading volume of 53,711 shares, the short-interest ratio is currently 0.6 days. Approximately 1.1% of the shares of the company are short sold. Approximately 1.1% of the shares of the company are short sold. Based on an average trading volume of 53,711 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Mid American Wealth Advisory Group Inc. bought a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the second quarter worth $310,000. Authentikos Wealth Advisory LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter worth about $1,159,000. Cambridge Advisors Inc. grew its position in Simplify Bitcoin Strategy PLUS Income ETF by 46.4% during the fourth quarter. Cambridge Advisors Inc. now owns 31,402 shares of the company’s stock worth $449,000 after buying an additional 9,948 shares in the last quarter. Osaic Holdings Inc. bought a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth about $57,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter valued at about $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of NASDAQ MAXI opened at $10.51 on Tuesday. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $9.69 and a 52 week high of $36.34. The business has a 50-day simple moving average of $14.19 and a two-hundred day simple moving average of $21.72.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 27th were given a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date was Tuesday, January 27th.

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.