Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sees Unusually-High Trading Volume – Still a Buy?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw an uptick in trading volume on Wednesday . Approximately 410,562 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 382,276 shares.The stock last traded at $15.53 and had previously closed at $15.74.

Simplify Volatility Premium ETF Trading Down 1.5%

The company has a fifty day moving average price of $16.04 and a two-hundred day moving average price of $16.32. The firm has a market capitalization of $510.59 million, a PE ratio of 25.19 and a beta of 0.65.

Institutional Trading of Simplify Volatility Premium ETF

Large investors have recently bought and sold shares of the business. Elevated Capital Advisors LLC increased its stake in Simplify Volatility Premium ETF by 19.7% in the fourth quarter. Elevated Capital Advisors LLC now owns 413,589 shares of the company’s stock valued at $7,263,000 after purchasing an additional 67,939 shares during the period. Visionary Wealth Advisors increased its position in Simplify Volatility Premium ETF by 14.2% in the 2nd quarter. Visionary Wealth Advisors now owns 189,097 shares of the company’s stock valued at $3,477,000 after acquiring an additional 23,460 shares during the period. Commonwealth Equity Services LLC raised its stake in 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 valued at $2,788,000 after acquiring an additional 1,762 shares during the last quarter. Key Capital Management INC acquired a new stake in Simplify Volatility Premium ETF during the 4th quarter worth approximately $2,591,000. Finally, Jane Street Group LLC acquired a new stake in Simplify Volatility Premium ETF during the 2nd quarter worth approximately $2,099,000.

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.