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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 11,300 shares, a decrease of 14.4% from the January 31st total of 13,200 shares. Based on an average daily trading volume, of 91,500 shares, the days-to-cover ratio is currently 0.1 days.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

NASDAQ:MAXI opened at $21.84 on Wednesday. Simplify Bitcoin Strategy PLUS Income ETF has a 52 week low of $19.00 and a 52 week high of $35.77. The firm has a 50 day moving average of $27.33 and a 200 day moving average of $26.08.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 25th were issued a dividend of $0.10 per share. The ex-dividend date was Tuesday, February 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Advisors Inc. raised its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 16.6% in the fourth quarter. Cambridge Advisors Inc. now owns 14,763 shares of the company’s stock worth $395,000 after buying an additional 2,100 shares during the last quarter. Orion Portfolio Solutions LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter worth $217,000. Jane Street Group LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter worth $389,000. Finally, Napa Wealth Management purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd 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.