Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Trading Up 3.5% – Should You Buy?

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s stock price was up 3.5% on Friday . The stock traded as high as $28.40 and last traded at $28.28. Approximately 81,786 shares were traded during trading, a decline of 3% from the average daily volume of 84,143 shares. The stock had previously closed at $27.33.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 3.5 %

The company’s 50 day moving average price is $28.86 and its 200-day moving average price is $25.50.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 23rd were given a $1.67 dividend. The ex-dividend date of this dividend was Monday, December 23rd.

Institutional Investors Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several large investors have recently modified their holdings of the stock. Cambridge Advisors Inc. raised its position in shares of Simplify Bitcoin Strategy PLUS Income ETF by 14.3% during the third quarter. Cambridge Advisors Inc. now owns 12,663 shares of the company’s stock worth $280,000 after purchasing an additional 1,589 shares during the period. Jane Street Group LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter worth about $389,000. Finally, Napa Wealth Management acquired a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter worth 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.