Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Down 14.4% in February

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the target of a significant decrease in short interest in 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 trading volume of 91,500 shares, the days-to-cover ratio is presently 0.1 days.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

MAXI stock traded down $0.43 during midday trading on Friday, reaching $21.99. The stock had a trading volume of 50,154 shares, compared to its average volume of 90,458. Simplify Bitcoin Strategy PLUS Income ETF has a twelve month low of $19.00 and a twelve month high of $35.77. The business has a fifty day simple moving average of $27.12 and a two-hundred day simple moving average of $26.04.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Orion Portfolio Solutions LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the fourth quarter valued at about $217,000. Jane Street Group LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at approximately $389,000. Cambridge Advisors Inc. increased its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 16.6% in the 4th quarter. Cambridge Advisors Inc. now owns 14,763 shares of the company’s stock valued at $395,000 after buying an additional 2,100 shares in the last quarter. Finally, Napa Wealth Management acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth $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.