Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Decreases By 22.5%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 3,100 shares, a drop of 22.5% from the February 28th total of 4,000 shares. Based on an average daily volume of 84,000 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently made changes to their positions in MAXI. Jane Street Group LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter worth about $389,000. Cambridge Advisors Inc. raised its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 16.6% during the fourth quarter. Cambridge Advisors Inc. now owns 14,763 shares of the company’s stock valued at $395,000 after purchasing an additional 2,100 shares during the last quarter. Napa Wealth Management lifted its position in Simplify Bitcoin Strategy PLUS Income ETF by 187.0% during the fourth quarter. Napa Wealth Management now owns 58,033 shares of the company’s stock valued at $1,551,000 after purchasing an additional 37,811 shares during the period. Finally, Orion Portfolio Solutions LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter worth approximately $217,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of MAXI traded down $0.33 during mid-day trading on Monday, reaching $20.06. The company had a trading volume of 17,212 shares, compared to its average volume of 41,774. The firm has a 50-day moving average price of $25.08 and a 200 day moving average price of $26.00. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $17.46 and a 52 week high of $35.77.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 26th.

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.