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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 10,500 shares, a drop of 73.2% from the December 31st total of 39,200 shares. Based on an average trading volume of 64,200 shares, the short-interest ratio is presently 0.2 days.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of Simplify Bitcoin Strategy PLUS Income ETF stock traded down $0.37 during midday trading on Tuesday, hitting $29.30. The company’s stock had a trading volume of 86,768 shares, compared to its average volume of 117,438. The stock has a 50-day simple moving average of $29.75 and a 200-day simple moving average of $25.88. Simplify Bitcoin Strategy PLUS Income ETF has a 1-year low of $18.49 and a 1-year high of $35.77.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Tuesday, January 28th will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, January 28th.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

A number of institutional investors have recently bought and sold shares of MAXI. Cambridge Advisors Inc. increased its stake in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.3% during the 3rd quarter. Cambridge Advisors Inc. now owns 12,663 shares of the company’s stock worth $280,000 after purchasing an additional 1,589 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth approximately $389,000. Finally, Napa Wealth Management bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at approximately $447,000.

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.