Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Sees Significant Growth in Short Interest

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 8,400 shares, an increase of 27.3% from the August 31st total of 6,600 shares. Based on an average trading volume of 17,000 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

An institutional investor recently raised its position in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. grew its holdings in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 3.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,074 shares of the company’s stock after acquiring an additional 419 shares during the quarter. Cambridge Advisors Inc. owned about 1.48% of Simplify Bitcoin Strategy PLUS Income ETF worth $279,000 at the end of the most recent reporting period.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ MAXI traded down $0.60 during trading hours on Monday, hitting $22.37. 16,418 shares of the company were exchanged, compared to its average volume of 26,744. The company has a 50 day moving average of $23.11 and a two-hundred day moving average of $26.23. Simplify Bitcoin Strategy PLUS Income ETF has a 52-week low of $15.11 and a 52-week high of $32.41.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, September 25th. This represents a $12.00 annualized dividend and a yield of 53.64%.

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.