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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXIGet Free Report) was the recipient of a large increase in short interest in 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. Approximately 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 42,881 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mid American Wealth Advisory Group Inc. lifted its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the second quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock valued at $609,000 after purchasing an additional 55,738 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Simplify Bitcoin Strategy PLUS Income ETF during the second quarter valued at $569,000. Nwam LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the 2nd quarter worth about $281,000. Cambridge Advisors Inc. boosted its position in Simplify Bitcoin Strategy PLUS Income ETF by 4.2% during the 1st quarter. Cambridge Advisors Inc. now owns 32,732 shares of the company’s stock worth $312,000 after acquiring an additional 1,330 shares during the period. Finally, Authentikos Wealth Advisory LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter valued at about $1,159,000.

Simplify Bitcoin Strategy PLUS Income ETF Trading Up 0.4%

Shares of MAXI opened at $13.24 on Friday. Simplify Bitcoin Strategy PLUS Income ETF has a one year low of $8.22 and a one year high of $32.28. The company has a 50-day moving average of $10.67 and a two-hundred day moving average of $10.35.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, August 31st. Investors of record on Wednesday, August 26th were given a $0.05 dividend. The ex-dividend date was Wednesday, August 26th.

About Simplify Bitcoin Strategy PLUS Income ETF

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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.

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