Simplify Volatility Premium ETF (NYSEARCA:SVOL) Stock Short Interest Report for September

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the recipient of a significant growth in short interest during the month of 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. Currently, 3.1% of the shares of the company are short sold. Based on an average trading volume of 350,131 shares, the short-interest ratio is presently 2.8 days.

Simplify Volatility Premium ETF Trading Down 1.2%

Shares of NYSEARCA:SVOL traded down $0.20 during trading on Friday, reaching $16.51. 225,506 shares of the stock were exchanged, compared to its average volume of 364,073. 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 $520.89 million, a PE ratio of 25.19 and a beta of 0.65. The stock has a 50-day moving average price of $16.54 and a 200-day moving average price of $16.15.

Institutional Trading of Simplify Volatility Premium ETF

Several hedge funds have recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in Simplify Volatility Premium ETF during the 4th quarter worth approximately $28,000. Strive Financial Group LLC grew its holdings in Simplify Volatility Premium ETF by 25.5% in the 2nd quarter. Strive Financial Group LLC now owns 4,547 shares of the company’s stock valued at $73,000 after buying an additional 925 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in Simplify Volatility Premium ETF in the 1st quarter valued at $156,000. Gaddis Premier Wealth Advisors LLC bought a new position in Simplify Volatility Premium ETF during the 1st quarter worth $161,000. Finally, Zazove Associates LLC bought a new position in Simplify Volatility Premium ETF during the 1st quarter worth $167,000.

About Simplify Volatility Premium ETF

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.