Simplify Volatility Premium ETF (NYSEARCA:SVOL) Short Interest Down 45.4% in April

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totaling 329,782 shares, a drop of 45.4% from the March 31st total of 604,549 shares. Based on an average trading volume of 358,290 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.9% of the shares of the company are sold short.

Simplify Volatility Premium ETF Stock Down 1.5%

Shares of SVOL stock traded down $0.24 during mid-day trading on Monday, reaching $15.80. The stock had a trading volume of 363,183 shares, compared to its average volume of 459,446. The firm’s 50 day simple moving average is $16.04 and its 200 day simple moving average is $17.02. Simplify Volatility Premium ETF has a one year low of $15.06 and a one year high of $20.06. The firm has a market cap of $585.07 million, a PE ratio of 25.19 and a beta of 0.66.

Simplify Volatility Premium ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 24th were given a dividend of $0.30 per share. This represents a c) annualized dividend and a dividend yield of 22.8%. The ex-dividend date was Tuesday, February 24th.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Elevated Capital Advisors LLC lifted its position in shares of Simplify Volatility Premium ETF by 19.7% during the 4th quarter. Elevated Capital Advisors LLC now owns 413,589 shares of the company’s stock worth $7,263,000 after buying an additional 67,939 shares during the period. Visionary Wealth Advisors lifted its position in shares of Simplify Volatility Premium ETF by 14.2% during the 2nd quarter. Visionary Wealth Advisors now owns 189,097 shares of the company’s stock worth $3,477,000 after buying an additional 23,460 shares during the period. Owen LaRue LLC lifted its position in shares of Simplify Volatility Premium ETF by 35.4% during the 3rd quarter. Owen LaRue LLC now owns 171,280 shares of the company’s stock worth $3,083,000 after buying an additional 44,784 shares during the period. Commonwealth Equity Services LLC lifted its position in shares of Simplify Volatility Premium ETF by 1.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 158,792 shares of the company’s stock worth $2,788,000 after buying an additional 1,762 shares during the period. Finally, Key Capital Management INC bought a new position in shares of Simplify Volatility Premium ETF during the 4th quarter worth approximately $2,591,000.

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.