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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 604,549 shares, an increase of 47.7% from the March 15th total of 409,353 shares. Based on an average trading volume of 456,094 shares, the short-interest ratio is presently 1.3 days. Currently, 1.6% of the shares of the company are short sold.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Key Capital Management INC bought a new stake in Simplify Volatility Premium ETF during the 4th quarter worth approximately $2,591,000. Jane Street Group LLC bought a new position in shares of Simplify Volatility Premium ETF in the second quarter worth approximately $2,099,000. One Capital Management LLC bought a new position in shares of Simplify Volatility Premium ETF in the third quarter worth approximately $1,971,000. Howard Bailey Securities LLC purchased a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter worth $1,898,000. Finally, FSA Advisors Inc. bought a new stake in shares of Simplify Volatility Premium ETF during the 4th quarter valued at $1,521,000.

Simplify Volatility Premium ETF Price Performance

Shares of NYSEARCA:SVOL traded down $0.03 during midday trading on Wednesday, hitting $15.99. The company had a trading volume of 216,803 shares, compared to its average volume of 479,342. Simplify Volatility Premium ETF has a 12-month low of $14.40 and a 12-month high of $20.06. The company has a fifty day moving average of $16.26 and a two-hundred day moving average of $17.15. The company has a market cap of $605.22 million, a price-to-earnings ratio of 25.19 and a beta of 0.66.

Simplify Volatility Premium ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.30 per share. This represents a c) dividend on an annualized basis and a dividend yield of 22.5%. The ex-dividend date of this dividend was Tuesday, February 24th.

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.