Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Trading 3.5% Higher – Time to Buy?

Shares of Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) were up 3.5% during trading on Friday . The company 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 firm’s fifty day simple moving average is $28.86 and its 200 day simple moving average is $25.50.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 23rd were paid a $1.67 dividend. The ex-dividend date was Monday, December 23rd.

Institutional Trading of Simplify Bitcoin Strategy PLUS Income ETF

A number of hedge funds have recently modified their holdings of the business. Cambridge Advisors Inc. grew its holdings 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 valued at $280,000 after buying an additional 1,589 shares in the last quarter. Jane Street Group LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF during the 3rd quarter valued at about $389,000. Finally, Napa Wealth Management acquired a new position in shares of Simplify Bitcoin Strategy PLUS Income ETF in the 3rd quarter valued at 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.