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

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 974,411 shares, a growth of 54.6% from the September 15th total of 630,392 shares. Approximately 3.1% of the company’s stock are short sold. Based on an average trading volume of 350,131 shares, the days-to-cover ratio is currently 2.8 days.

Institutional Trading of Simplify Volatility Premium ETF

A number of hedge funds have recently made changes to their positions in SVOL. Claris Financial LLC acquired a new position in shares of Simplify Volatility Premium ETF during the 4th quarter worth approximately $851,000. Maridea Wealth Management LLC acquired a new stake in shares of Simplify Volatility Premium ETF during the 1st quarter worth about $393,000. Mather Group LLC. acquired a new stake in shares of Simplify Volatility Premium ETF during the 3rd quarter worth about $339,000. Zazove Associates LLC bought a new stake in shares of Simplify Volatility Premium ETF during the 1st quarter worth about $167,000. Finally, Gaddis Premier Wealth Advisors LLC bought a new stake in shares of Simplify Volatility Premium ETF during the 1st quarter worth about $161,000.

Simplify Volatility Premium ETF Price Performance

NYSEARCA:SVOL traded down $0.20 on Friday, hitting $16.51. 225,506 shares of the company’s stock were exchanged, compared to its average volume of 364,073. The firm has a 50-day moving average price of $16.54 and a 200-day moving average price of $16.15. The company has a market cap of $520.89 million, a P/E ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 52 week low of $15.06 and a 52 week high of $18.37.

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.