Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Stock Price Up 3% – What’s Next?

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s stock price was up 3% during trading on Friday . The company traded as high as $30.15 and last traded at $30.15. Approximately 38,760 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 28,046 shares. The stock had previously closed at $29.27.

Simplify Bitcoin Strategy PLUS Income ETF Price Performance

The business’s 50-day moving average is $23.18 and its two-hundred day moving average is $25.05.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Monday, October 28th were issued a $1.00 dividend. This represents a $12.00 dividend on an annualized basis and a yield of 39.80%. The ex-dividend date was Monday, October 28th.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

A number of large investors have recently made changes to their positions in the stock. Napa Wealth Management purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth about $447,000. Jane Street Group LLC purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth approximately $389,000. Finally, Cambridge Advisors Inc. grew its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.3% in the 3rd quarter. Cambridge Advisors Inc. now owns 12,663 shares of the company’s stock worth $280,000 after acquiring an additional 1,589 shares during the 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.