Simplify Volatility Premium ETF (NYSEARCA:SVOL) Short Interest Down 33.3% in December

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the target of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 222,825 shares, a decrease of 33.3% from the November 30th total of 334,236 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 326,678 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 326,678 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.6% of the company’s shares are short sold.

Institutional Trading of Simplify Volatility Premium ETF

A number of institutional investors have recently bought and sold shares of the company. Huntington National Bank bought a new position in shares of Simplify Volatility Premium ETF in the 2nd quarter worth about $37,000. Root Financial Partners LLC acquired a new stake in Simplify Volatility Premium ETF during the third quarter worth approximately $50,000. Farther Finance Advisors LLC increased its holdings in Simplify Volatility Premium ETF by 51.5% in the third quarter. Farther Finance Advisors LLC now owns 3,399 shares of the company’s stock worth $61,000 after purchasing an additional 1,155 shares in the last quarter. Whipplewood Advisors LLC lifted its stake in Simplify Volatility Premium ETF by 24,705.0% in the second quarter. Whipplewood Advisors LLC now owns 4,961 shares of the company’s stock valued at $91,000 after buying an additional 4,941 shares during the period. Finally, Koshinski Asset Management Inc. bought a new position in shares of Simplify Volatility Premium ETF during the 3rd quarter worth approximately $181,000.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA SVOL traded up $0.01 during midday trading on Monday, reaching $17.66. The stock had a trading volume of 651,072 shares, compared to its average volume of 744,094. The company’s 50 day moving average price is $17.57 and its 200 day moving average price is $17.57. Simplify Volatility Premium ETF has a twelve month low of $13.18 and a twelve month high of $21.79. The firm has a market cap of $691.39 million, a price-to-earnings ratio of 25.19 and a beta of 0.65.

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.