Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Grows By 27.3%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant increase in short interest during the month of 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 daily trading volume, of 17,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A hedge fund recently raised its stake in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. raised its holdings in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 3.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,074 shares of the company’s stock after buying an additional 419 shares during the period. Cambridge Advisors Inc. owned about 1.48% of Simplify Bitcoin Strategy PLUS Income ETF worth $279,000 at the end of the most recent quarter.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 2.0 %

Shares of NASDAQ:MAXI traded up $0.44 during midday trading on Friday, hitting $22.97. The company had a trading volume of 22,719 shares, compared to its average volume of 26,800. The firm has a fifty day simple moving average of $23.11 and a 200 day simple moving average of $26.31. Simplify Bitcoin Strategy PLUS Income ETF has a 12 month low of $15.11 and a 12 month high of $32.41.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Wednesday, September 25th will be given a dividend of $1.00 per share. This represents a $12.00 annualized dividend and a yield of 52.24%. The ex-dividend date is Wednesday, September 25th.

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.