Elevated Capital Advisors LLC Reduces Position in Simplify Volatility Premium ETF $SVOL

Elevated Capital Advisors LLC decreased its position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 26.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 304,641 shares of the company’s stock after selling 108,948 shares during the period. Simplify Volatility Premium ETF comprises approximately 1.2% of Elevated Capital Advisors LLC’s portfolio, making the stock its 19th biggest holding. Elevated Capital Advisors LLC’s holdings in Simplify Volatility Premium ETF were worth $4,673,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Visionary Wealth Advisors grew its holdings in Simplify Volatility Premium ETF by 14.2% in the 2nd 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 during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Simplify Volatility Premium ETF by 1.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 158,792 shares of the company’s stock worth $2,788,000 after purchasing an additional 1,762 shares during the last quarter. Key Capital Management INC bought a new stake in shares of Simplify Volatility Premium ETF in the 4th quarter worth approximately $2,591,000. Jane Street Group LLC bought a new position in shares of Simplify Volatility Premium ETF during the second quarter valued at approximately $2,099,000. Finally, One Capital Management LLC bought a new position in shares of Simplify Volatility Premium ETF during the third quarter valued at approximately $1,971,000.

Simplify Volatility Premium ETF Stock Up 0.7%

NYSEARCA:SVOL opened at $16.13 on Friday. Simplify Volatility Premium ETF has a twelve month low of $15.06 and a twelve month high of $18.44. The stock has a market cap of $539.55 million, a P/E ratio of 25.19 and a beta of 0.65. The firm’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $16.47.

Simplify Volatility Premium ETF 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.