Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Declines By 64.6%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant drop in short interest in February. As of February 28th, there was short interest totalling 4,000 shares, a drop of 64.6% from the February 13th total of 11,300 shares. Based on an average trading volume of 91,900 shares, the short-interest ratio is presently 0.0 days. Approximately 0.2% of the company’s shares are short sold.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of MAXI stock traded up $1.97 during trading on Friday, hitting $21.40. 67,984 shares of the company were exchanged, compared to its average volume of 41,836. The business’s 50-day simple moving average is $26.31 and its 200 day simple moving average is $25.91. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $18.08 and a twelve month high of $35.77.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 25th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, February 25th.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors have recently made changes to their positions in MAXI. Napa Wealth Management acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth approximately $447,000. Jane Street Group LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at approximately $389,000. Cambridge Advisors Inc. lifted its stake in Simplify Bitcoin Strategy PLUS Income ETF by 16.6% in the fourth quarter. Cambridge Advisors Inc. now owns 14,763 shares of the company’s stock valued at $395,000 after acquiring an additional 2,100 shares during the last quarter. Finally, Orion Portfolio Solutions LLC acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter valued at approximately $217,000.

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.