Claris Financial LLC Takes Position in Simplify Volatility Premium ETF $SVOL

Claris Financial LLC purchased a new stake in Simplify Volatility Premium ETF (NYSEARCA:SVOL) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 43,963 shares of the company’s stock, valued at approximately $808,000. Claris Financial LLC owned 0.09% of Simplify Volatility Premium ETF at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SVOL. Huntington National Bank bought a new stake in shares of Simplify Volatility Premium ETF during the 2nd quarter valued at $37,000. Whipplewood Advisors LLC increased its position in shares of Simplify Volatility Premium ETF by 24,705.0% in the second quarter. Whipplewood Advisors LLC now owns 4,961 shares of the company’s stock worth $91,000 after purchasing an additional 4,941 shares during the period. Allworth Financial LP acquired a new position in Simplify Volatility Premium ETF in the second quarter valued at about $184,000. Focus Partners Advisor Solutions LLC bought a new stake in Simplify Volatility Premium ETF during the first quarter worth about $195,000. Finally, Transce3nd LLC grew its stake in Simplify Volatility Premium ETF by 25.2% during the second quarter. Transce3nd LLC now owns 15,689 shares of the company’s stock worth $289,000 after buying an additional 3,159 shares in the last quarter.

Simplify Volatility Premium ETF Stock Down 0.6%

SVOL stock opened at $17.54 on Friday. The company’s 50-day moving average price is $17.57 and its two-hundred day moving average price is $17.58. The firm has a market cap of $686.69 million, a P/E ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 12 month low of $13.18 and a 12 month high of $21.84.

About Simplify Volatility Premium ETF

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.