Simplify Volatility Premium ETF (NYSEARCA:SVOL) Shares Down 0.3% – Time to Sell?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) fell 0.3% on Friday . The company traded as low as $17.81 and last traded at $17.83. 475,359 shares changed hands during trading, a decline of 7% from the average session volume of 510,804 shares. The stock had previously closed at $17.88.

Simplify Volatility Premium ETF Stock Down 0.3%

The firm has a 50 day simple moving average of $17.57 and a 200-day simple moving average of $17.59. The company has a market cap of $629.93 million, a PE ratio of 25.19 and a beta of 0.65.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SVOL. Owen LaRue LLC boosted its stake in Simplify Volatility Premium ETF by 121.1% in the second quarter. Owen LaRue LLC now owns 126,496 shares of the company’s stock valued at $2,326,000 after acquiring an additional 69,282 shares in the last quarter. Beacon Capital Management LLC increased its position in shares of Simplify Volatility Premium ETF by 34.5% during the second quarter. Beacon Capital Management LLC now owns 1,174,210 shares of the company’s stock worth $21,594,000 after purchasing an additional 301,046 shares in the last quarter. B.O.S.S. Retirement Advisors LLC lifted its holdings in shares of Simplify Volatility Premium ETF by 194.3% during the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 74,349 shares of the company’s stock valued at $1,367,000 after purchasing an additional 49,087 shares during the last quarter. Clarity Capital Partners LLC boosted its position in shares of Simplify Volatility Premium ETF by 15.9% in the 2nd quarter. Clarity Capital Partners LLC now owns 38,681 shares of the company’s stock worth $711,000 after purchasing an additional 5,318 shares in the last quarter. Finally, Drive Wealth Management LLC boosted its position in shares of Simplify Volatility Premium ETF by 19.0% in the 2nd quarter. Drive Wealth Management LLC now owns 94,109 shares of the company’s stock worth $1,731,000 after purchasing an additional 15,056 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.