Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Shares Up 1.3% Following Dividend Announcement

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI)’s share price traded up 1.3% during trading on Wednesday after the company announced a dividend. The company traded as high as $29.81 and last traded at $29.50. 14,653 shares were traded during trading, a decline of 69% from the average session volume of 47,133 shares. The stock had previously closed at $29.12.

The newly announced dividend which will be paid on Monday, June 30th. Shareholders of record on Wednesday, June 25th will be paid a $0.35 dividend. This is a positive change from Simplify Bitcoin Strategy PLUS Income ETF’s previous dividend of $0.10. The ex-dividend date of this dividend is Wednesday, June 25th.

Simplify Bitcoin Strategy PLUS Income ETF Stock Up 1.3%

The stock’s 50 day simple moving average is $29.18 and its two-hundred day simple moving average is $26.67.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MAXI. Orion Portfolio Solutions LLC purchased a new position in Simplify Bitcoin Strategy PLUS Income ETF in the 4th quarter worth approximately $217,000. Napa Wealth Management increased its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 187.0% during the 4th quarter. Napa Wealth Management now owns 58,033 shares of the company’s stock worth $1,551,000 after buying an additional 37,811 shares during the last quarter. Cambridge Advisors Inc. increased its holdings in shares of Simplify Bitcoin Strategy PLUS Income ETF by 28.3% during the 1st quarter. Cambridge Advisors Inc. now owns 18,943 shares of the company’s stock worth $379,000 after buying an additional 4,180 shares during the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 1st quarter worth approximately $276,000.

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.