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

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s share price dropped 1.9% during trading on Monday . The company traded as low as $23.32 and last traded at $23.52. Approximately 29,469 shares changed 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 Trading Down 1.9 %

The business has a 50-day moving average of $22.21 and a 200 day moving average of $25.42.

Simplify Bitcoin Strategy PLUS Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, September 25th were paid a $1.00 dividend. This represents a $12.00 annualized dividend and a dividend yield of 51.02%. The ex-dividend date was Wednesday, September 25th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Simplify Bitcoin Strategy PLUS Income ETF stock. Cambridge Advisors Inc. grew its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,655 shares of the company’s stock after acquiring an additional 425 shares during the period. Cambridge Advisors Inc. owned about 1.57% of Simplify Bitcoin Strategy PLUS Income ETF worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.