Simplify Volatility Premium ETF (NYSEARCA:SVOL – Get Free Report) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 591,018 shares, a growth of 49.3% from the July 15th total of 395,953 shares. Currently, 1.8% of the shares of the stock are short sold. Based on an average daily volume of 271,757 shares, the days-to-cover ratio is presently 2.2 days.
Institutional Trading of Simplify Volatility Premium ETF
Institutional investors have recently made changes to their positions in the stock. SHP Wealth Management bought a new stake in Simplify Volatility Premium ETF during the fourth quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in Simplify Volatility Premium ETF in the fourth quarter worth approximately $55,000. Financial Perspectives Inc bought a new position in Simplify Volatility Premium ETF during the 4th quarter valued at $59,000. Strive Financial Group LLC bought a new position in Simplify Volatility Premium ETF during the 4th quarter valued at $64,000. Finally, Arax Advisory Partners acquired a new position in shares of Simplify Volatility Premium ETF during the 4th quarter valued at $174,000.
Simplify Volatility Premium ETF Stock Down 0.2%
Shares of SVOL opened at $16.37 on Thursday. The firm has a 50-day moving average price of $16.06 and a 200 day moving average price of $16.13. The firm has a market capitalization of $540.70 million, a PE ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 52-week low of $15.06 and a 52-week high of $18.41.
Simplify Volatility Premium ETF Company Profile
The Simplify Volatility Premium ETF (SVOL) is an exchange-traded fund that mostly invests in volatility alternatives. The fund is an actively managed portfolio that aims to provide income via short exposure to S&P 500 VIX short-term futures, reset daily. The fund also utilizes an option overlay strategy to protect against adverse moves in VIX. SVOL was launched on May 12, 2021 and is managed by Simplify.
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