Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Increases By 161.1%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 12,946 shares, an increase of 161.1% from the August 15th total of 4,958 shares. Based on an average daily volume of 42,881 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the company’s shares are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

NASDAQ:MAXI traded down $1.05 on Tuesday, hitting $12.89. The stock had a trading volume of 6,956 shares, compared to its average volume of 31,159. The company has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $10.39. Simplify Bitcoin Strategy PLUS Income ETF has a 1-year low of $8.22 and a 1-year high of $32.28.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Monday, August 31st. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, August 26th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently modified their holdings of the business. Authentikos Wealth Advisory LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the fourth quarter valued at about $1,159,000. Mid American Wealth Advisory Group Inc. lifted its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after acquiring an additional 55,738 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth approximately $569,000. Nwam LLC purchased a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter worth approximately $281,000. Finally, Cambridge Advisors Inc. increased its holdings in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% in the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock valued at $312,000 after purchasing an additional 1,330 shares during the last quarter.

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.