Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Drops By 47.8%

Posted by Floyd Graber on Mar 28th, 2024

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI – Get Free Report) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 3,500 shares, a decline of 47.8% from the February 29th total of 6,700 shares. Based on an average daily trading volume, of 47,000 shares, the short-interest ratio is presently 0.1 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of Simplify Bitcoin Strategy PLUS Income ETF stock traded up $1.04 during trading hours on Thursday, hitting $30.84. The company’s stock had a trading volume of 22,367 shares, compared to its average volume of 47,172. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $14.40 and a twelve month high of $32.41. The firm has a fifty day moving average of $24.45 and a 200-day moving average of $21.09.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Tuesday, March 26th will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Monday, March 25th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A hedge fund recently bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,230 shares of the company’s stock, valued at approximately $196,000. Cambridge Advisors Inc. owned about 0.58% of Simplify Bitcoin Strategy PLUS Income ETF as of its most recent SEC filing.

About Simplify Bitcoin Strategy PLUS Income ETF

(Get Free Report)

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.