Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Price Down 1.9% – Here’s What Happened

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) dropped 1.9% on Monday . The company traded as low as $23.32 and last traded at $23.52. Approximately 29,469 shares traded hands during trading, an increase of 11% from the average daily volume of 26,596 shares. The stock had previously closed at $23.97.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

The business has a 50 day moving average of $22.22 and a two-hundred day moving average of $25.36.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Investors of record on Wednesday, September 25th were paid a dividend of $1.00 per share. This represents a $12.00 dividend on an annualized basis and a dividend yield of 52.11%. The ex-dividend date was Wednesday, September 25th.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A hedge fund recently raised its stake in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. raised its holdings in Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 14.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,663 shares of the company’s stock after buying an additional 1,589 shares during the quarter. Cambridge Advisors Inc. owned about 1.18% of Simplify Bitcoin Strategy PLUS Income ETF worth $280,000 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.