Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sees Large Volume Increase – Time to Buy?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw unusually-high trading volume on Wednesday . 410,562 shares were traded during 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 Stock Down 1.5%

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

Institutional Trading of Simplify Volatility Premium ETF

Institutional investors have recently modified their holdings of the business. Elevated Capital Advisors LLC boosted its position in shares of Simplify Volatility Premium ETF by 19.7% during the 4th quarter. Elevated Capital Advisors LLC now owns 413,589 shares of the company’s stock worth $7,263,000 after purchasing an additional 67,939 shares in the last quarter. Visionary Wealth Advisors grew its stake in shares of Simplify Volatility Premium ETF by 14.2% during the 2nd quarter. Visionary Wealth Advisors now owns 189,097 shares of the company’s stock worth $3,477,000 after purchasing an additional 23,460 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Simplify Volatility Premium ETF by 1.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 158,792 shares of the company’s stock valued at $2,788,000 after purchasing an additional 1,762 shares in the last quarter. Key Capital Management INC purchased a new position in shares of Simplify Volatility Premium ETF in the 4th quarter valued at about $2,591,000. Finally, Jane Street Group LLC acquired a new stake in shares of Simplify Volatility Premium ETF in the second quarter valued at about $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.