Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sees Large Growth in Short Interest

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

Simplify Volatility Premium ETF Price Performance

SVOL stock traded down $0.11 on Friday, reaching $15.19. 1,019,659 shares of the company traded hands, compared to its average volume of 500,865. Simplify Volatility Premium ETF has a one year low of $13.18 and a one year high of $20.06. The company has a market cap of $538.79 million, a P/E ratio of 25.19 and a beta of 0.65. The firm has a fifty day simple moving average of $16.80 and a 200-day simple moving average of $17.39.

Simplify Volatility Premium ETF Announces Dividend

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

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Hedge funds have recently bought and sold shares of the company. SHP Wealth Management purchased a new stake in Simplify Volatility Premium ETF during the 4th quarter valued at about $28,000. Root Financial Partners LLC purchased a new position in Simplify Volatility Premium ETF in the third quarter worth about $50,000. Kestra Advisory Services LLC purchased a new position in Simplify Volatility Premium ETF in the fourth quarter worth about $55,000. Financial Perspectives Inc bought a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth approximately $59,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Simplify Volatility Premium ETF by 51.5% in the third quarter. Farther Finance Advisors LLC now owns 3,399 shares of the company’s stock worth $61,000 after buying an additional 1,155 shares in the last quarter.

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.