Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Price Down 2.5% – What’s Next?

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) shares traded down 2.5% on Friday. The company traded as low as $13.63 and last traded at $13.88. 11,017 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 30,888 shares. The stock had previously closed at $14.24.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

The firm has a 50-day moving average price of $13.47 and a 200-day moving average price of $11.16.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, September 25th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of MAXI. Cambridge Advisors Inc. increased its position in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% in the first quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after purchasing an additional 1,330 shares during the last quarter. Mather Group LLC. purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter worth about $63,000. Nwam LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the second quarter worth approximately $281,000. Mid American Wealth Advisory Group Inc. increased its position in Simplify Bitcoin Strategy PLUS Income ETF by 315.0% during the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock valued at $609,000 after purchasing an additional 55,738 shares during the period. Finally, Proficio Capital Partners LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at $569,000.

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.