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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 310,202 shares, a growth of 24.5% from the January 29th total of 249,179 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 538,432 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 538,432 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.9% of the shares of the stock are sold short.

Simplify Volatility Premium ETF Price Performance

Shares of NYSEARCA:SVOL opened at $16.37 on Thursday. The business’s 50 day moving average price is $17.37 and its 200-day moving average price is $17.55. Simplify Volatility Premium ETF has a 1 year low of $13.18 and a 1 year high of $20.06. The firm has a market capitalization of $580.64 million, a price-to-earnings ratio of 25.19 and a beta of 0.65.

Simplify Volatility Premium ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 24th were given a $0.30 dividend. The ex-dividend date was Tuesday, February 24th. This represents a c) annualized dividend and a dividend yield of 22.0%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. SHP Wealth Management acquired a new stake in Simplify Volatility Premium ETF in the 4th quarter worth about $28,000. Huntington National Bank acquired a new stake in shares of Simplify Volatility Premium ETF in the second quarter worth approximately $37,000. Root Financial Partners LLC purchased a new stake in shares of Simplify Volatility Premium ETF during the third quarter worth approximately $50,000. Kestra Advisory Services LLC purchased a new stake in shares of Simplify Volatility Premium ETF during the fourth quarter worth approximately $55,000. Finally, Financial Perspectives Inc acquired a new position in Simplify Volatility Premium ETF in the 4th quarter valued at $59,000.

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.