Simplify Volatility Premium ETF (NYSEARCA:SVOL) Shares Down 1.5% – Time to Sell?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) fell 1.5% during mid-day trading on Friday. The stock traded as low as $16.36 and last traded at $16.57. 343,640 shares traded hands during mid-day trading, a decline of 6% from the average session volume of 366,312 shares. The stock had previously closed at $16.82.

Simplify Volatility Premium ETF Price Performance

The firm has a 50-day simple moving average of $16.36 and a 200 day simple moving average of $16.08. The company has a market capitalization of $519.14 million, a PE ratio of 25.19 and a beta of 0.65.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Howard Bailey Securities LLC acquired a new position in Simplify Volatility Premium ETF during the 4th quarter worth $1,898,000. Claris Financial LLC acquired a new stake in shares of Simplify Volatility Premium ETF in the 4th quarter valued at about $851,000. Maridea Wealth Management LLC bought a new position in shares of Simplify Volatility Premium ETF during the first quarter worth about $393,000. Zazove Associates LLC bought a new position in shares of Simplify Volatility Premium ETF during the first quarter worth about $167,000. Finally, Gaddis Premier Wealth Advisors LLC acquired a new position in Simplify Volatility Premium ETF in the first quarter worth about $161,000.

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.