Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Trading Up 3% – Time to Buy?

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) rose 3% during mid-day trading on Friday . The company traded as high as $30.15 and last traded at $30.15. Approximately 38,760 shares were traded during 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 company has a 50-day moving average of $23.40 and a 200-day moving average of $25.07.

Simplify Bitcoin Strategy PLUS Income ETF Dividend Announcement

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

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently modified their holdings of MAXI. Cambridge Advisors Inc. increased its stake in Simplify Bitcoin Strategy PLUS Income ETF by 3.9% in the 2nd quarter. Cambridge Advisors Inc. now owns 11,074 shares of the company’s stock valued at $279,000 after buying an additional 419 shares during the period. Napa Wealth Management purchased a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF in the third quarter valued at about $447,000. Finally, Jane Street Group LLC acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF during the third quarter worth about $389,000.

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.