Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Shares Up 3% – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s stock price shot up 3% on Friday . The stock traded as high as $30.15 and last traded at $30.15. 38,760 shares were traded during trading, an increase of 38% from the average session volume of 28,046 shares. The stock had previously closed at $29.27.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 3.0 %

The business’s 50-day simple moving average is $23.40 and its 200-day simple moving average is $25.07.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Monday, October 28th were paid a $1.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 39.80%. The ex-dividend date of this dividend was Monday, October 28th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Hedge funds have recently bought and sold shares of the stock. Napa Wealth Management acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter valued at $447,000. Jane Street Group LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter valued at about $389,000. Finally, Cambridge Advisors Inc. grew its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.3% during the third quarter. Cambridge Advisors Inc. now owns 12,663 shares of the company’s stock worth $280,000 after buying an additional 1,589 shares in the last quarter.

Simplify Bitcoin Strategy PLUS Income ETF Company Profile

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.