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

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

Hedge Funds Weigh In On Simplify Volatility Premium ETF

A number of institutional investors have recently added to or reduced their stakes in SVOL. SHP Wealth Management bought a new stake in shares of Simplify Volatility Premium ETF in the 4th quarter valued at approximately $28,000. Strive Financial Group LLC lifted its stake in Simplify Volatility Premium ETF by 25.5% during the second quarter. Strive Financial Group LLC now owns 4,547 shares of the company’s stock worth $73,000 after purchasing an additional 925 shares during the last quarter. Arkadios Wealth Advisors bought a new position in Simplify Volatility Premium ETF during the first quarter worth $156,000. Gaddis Premier Wealth Advisors LLC bought a new position in Simplify Volatility Premium ETF during the first quarter worth $161,000. Finally, Zazove Associates LLC acquired a new position in Simplify Volatility Premium ETF in the first quarter worth $167,000.

Simplify Volatility Premium ETF Stock Performance

Shares of NYSEARCA:SVOL traded down $0.22 during trading on Friday, reaching $16.49. 379,548 shares of the stock were exchanged, compared to its average volume of 365,051. Simplify Volatility Premium ETF has a 12-month low of $15.06 and a 12-month high of $18.37. The firm has a market cap of $516.63 million, a price-to-earnings ratio of 25.19 and a beta of 0.65. The firm’s 50-day moving average price is $16.55 and its 200 day moving average price is $16.15.

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.