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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the target of 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. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 271,757 shares, the days-to-cover ratio is presently 2.2 days.

Simplify Volatility Premium ETF Stock Performance

Shares of SVOL stock traded up $0.01 during trading on Tuesday, hitting $16.42. 77,228 shares of the company were exchanged, compared to its average volume of 370,981. The business’s 50-day simple moving average is $16.03 and its 200 day simple moving average is $16.15. Simplify Volatility Premium ETF has a twelve month low of $15.06 and a twelve month high of $18.41. The firm has a market capitalization of $542.35 million, a price-to-earnings ratio of 25.19 and a beta of 0.65.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

A number of institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in shares of Simplify Volatility Premium ETF during the 2nd quarter valued at $2,099,000. Visionary Wealth Advisors raised its holdings in shares of Simplify Volatility Premium ETF by 14.2% during the second quarter. Visionary Wealth Advisors now owns 189,097 shares of the company’s stock worth $3,477,000 after acquiring an additional 23,460 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in Simplify Volatility Premium ETF during the third quarter valued at $523,000. One Capital Management LLC acquired a new stake in Simplify Volatility Premium ETF during the third quarter valued at $1,971,000. Finally, Farther Finance Advisors LLC grew its stake in Simplify Volatility Premium ETF by 418.4% in the fourth quarter. Farther Finance Advisors LLC now owns 17,620 shares of the company’s stock valued at $309,000 after purchasing an additional 14,221 shares in the last quarter.

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.