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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw a large growth in short interest in 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. Currently, 1.2% of the company’s shares are short sold. Based on an average trading volume of 548,794 shares, the days-to-cover ratio is presently 0.7 days.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

A number of hedge funds have recently modified their holdings of the company. Wealthcare Advisory Partners LLC boosted its holdings in shares of Simplify Volatility Premium ETF by 4.5% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 15,652 shares of the company’s stock worth $275,000 after purchasing an additional 668 shares during the period. Napa Wealth Management increased its holdings in Simplify Volatility Premium ETF by 2.5% during the 2nd quarter. Napa Wealth Management now owns 38,807 shares of the company’s stock valued at $714,000 after purchasing an additional 962 shares during the period. Farther Finance Advisors LLC raised its position in Simplify Volatility Premium ETF by 51.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,399 shares of the company’s stock valued at $61,000 after purchasing an additional 1,155 shares during the last quarter. JT Stratford LLC lifted its holdings in Simplify Volatility Premium ETF by 7.9% in the 2nd quarter. JT Stratford LLC now owns 21,711 shares of the company’s stock worth $399,000 after buying an additional 1,595 shares during the period. Finally, SHP Wealth Management purchased a new stake in Simplify Volatility Premium ETF in the 4th quarter worth approximately $28,000.

Simplify Volatility Premium ETF Stock Performance

SVOL traded down $0.11 on Friday, hitting $15.19. 1,019,659 shares of the company were exchanged, compared to its average volume of 500,865. The firm has a fifty day simple moving average of $16.80 and a two-hundred day simple moving average of $17.39. The stock has a market capitalization of $538.79 million, a PE ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 12 month low of $13.18 and a 12 month high of $20.06.

Simplify Volatility Premium ETF Announces Dividend

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

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.