Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sees Unusually-High Trading Volume – Should You Buy?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) shares saw an uptick in trading volume on Wednesday . Approximately 410,562 shares changed hands 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 Up 1.6%

The stock has a market cap of $514.54 million, a PE ratio of 25.19 and a beta of 0.65. The company’s fifty day moving average is $16.02 and its 200 day moving average is $16.29.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

Several large investors have recently made changes to their positions in SVOL. SHP Wealth Management purchased a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $28,000. Kestra Advisory Services LLC acquired a new stake in Simplify Volatility Premium ETF during the 4th quarter valued at $55,000. Financial Perspectives Inc acquired a new stake in Simplify Volatility Premium ETF during the 4th quarter valued at $59,000. Strive Financial Group LLC purchased a new stake in Simplify Volatility Premium ETF during the 4th quarter worth $64,000. Finally, Arax Advisory Partners purchased a new stake in Simplify Volatility Premium ETF during the 4th quarter worth $174,000.

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.