Simplify Volatility Premium ETF (NYSEARCA:SVOL) Short Interest Update

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 409,353 shares, an increase of 72.9% from the February 26th total of 236,821 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily volume of 548,794 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevated Capital Advisors LLC boosted 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 purchasing an additional 67,939 shares in the last quarter. Visionary Wealth Advisors boosted its holdings in Simplify Volatility Premium ETF by 14.2% in the second quarter. Visionary Wealth Advisors now owns 189,097 shares of the company’s stock worth $3,477,000 after acquiring an additional 23,460 shares in the last quarter. Owen LaRue LLC boosted its holdings in Simplify Volatility Premium ETF by 35.4% in the third quarter. Owen LaRue LLC now owns 171,280 shares of the company’s stock worth $3,083,000 after acquiring an additional 44,784 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Simplify Volatility Premium ETF by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 158,792 shares of the company’s stock valued at $2,788,000 after acquiring an additional 1,762 shares during the period. Finally, Key Capital Management INC acquired a new stake in Simplify Volatility Premium ETF in the fourth quarter valued at approximately $2,591,000.

Simplify Volatility Premium ETF Stock Performance

Shares of Simplify Volatility Premium ETF stock traded down $0.11 on Friday, reaching $15.19. 1,019,659 shares of the company’s stock were exchanged, compared to its average volume of 500,865. The company has a market capitalization of $538.79 million, a P/E ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 52 week low of $13.18 and a 52 week high of $20.06. The firm’s 50-day moving average is $16.75 and its two-hundred day moving average is $17.37.

Simplify Volatility Premium ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Tuesday, February 24th were issued a $0.30 dividend. This represents a c) dividend on an annualized basis and a yield of 23.7%. The ex-dividend date was Tuesday, February 24th.

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. SVOL was launched on May 12, 2021 and is managed by Simplify.