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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 591,018 shares, a growth of 49.3% from the July 15th total of 395,953 shares. Based on an average daily trading volume, of 271,757 shares, the days-to-cover ratio is currently 2.2 days. Currently, 1.8% of the company’s shares are sold short.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sigma Planning Corp lifted its holdings in shares of Simplify Volatility Premium ETF by 3.8% in the first quarter. Sigma Planning Corp now owns 38,875 shares of the company’s stock valued at $596,000 after purchasing an additional 1,419 shares in the last quarter. SHP Wealth Management purchased a new position in shares of Simplify Volatility Premium ETF during the fourth quarter valued at $28,000. Cambridge Advisors Inc. raised its position in Simplify Volatility Premium ETF by 3.4% during the first quarter. Cambridge Advisors Inc. now owns 49,492 shares of the company’s stock valued at $759,000 after buying an additional 1,638 shares during the period. Advisor OS LLC raised its position in Simplify Volatility Premium ETF by 16.9% during the fourth quarter. Advisor OS LLC now owns 11,766 shares of the company’s stock valued at $207,000 after buying an additional 1,705 shares during the period. Finally, Koshinski Asset Management Inc. lifted its stake in Simplify Volatility Premium ETF by 16.9% in the 4th quarter. Koshinski Asset Management Inc. now owns 11,766 shares of the company’s stock worth $207,000 after acquiring an additional 1,705 shares in the last quarter.

Simplify Volatility Premium ETF Stock Up 0.1%

Shares of Simplify Volatility Premium ETF stock traded up $0.01 during trading on Tuesday, hitting $16.42. The stock had a trading volume of 77,228 shares, compared to its average volume of 370,981. The stock has a 50 day simple moving average of $16.03 and a 200 day simple moving average of $16.15. The company has a market capitalization of $542.35 million, a PE ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 1 year low of $15.06 and a 1 year high of $18.41.

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.