Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Shares Up 3.5% – Should You Buy?

Shares of Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) traded up 3.5% during mid-day trading on Friday . The stock traded as high as $28.40 and last traded at $28.28. 81,786 shares were traded during trading, a decline of 3% from the average session volume of 84,143 shares. The stock had previously closed at $27.33.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

The company has a 50 day moving average of $28.86 and a 200-day moving average of $25.50.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were paid a $1.67 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Large investors have recently added to or reduced their stakes in the stock. Cambridge Advisors Inc. raised its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.3% during the third quarter. Cambridge Advisors Inc. now owns 12,663 shares of the company’s stock valued at $280,000 after buying 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 valued at $389,000. Finally, Napa Wealth Management bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter valued at about $447,000.

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.