Short Interest in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Drops By 47.8%

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 3,500 shares, a decline of 47.8% from the February 29th total of 6,700 shares. Based on an average trading volume of 47,000 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

NASDAQ MAXI traded up $1.04 on Thursday, reaching $30.84. The company’s stock had a trading volume of 22,367 shares, compared to its average volume of 47,172. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $14.40 and a 52 week high of $32.41. The business has a 50-day moving average price of $24.45 and a 200 day moving average price of $21.09.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Tuesday, March 26th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, March 25th. This represents a $1.80 annualized dividend and a yield of 5.84%.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

An institutional investor recently bought a new position in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 10,230 shares of the company’s stock, valued at approximately $196,000. Cambridge Advisors Inc. owned 0.58% of Simplify Bitcoin Strategy PLUS Income ETF at the end of the most recent reporting period.

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.