Short Interest in Simplify Volatility Premium ETF (NYSEARCA:SVOL) Increases By 49.3%

Simplify Volatility Premium ETF (NYSEARCA:SVOL) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 591,018 shares, an increase of 49.3% from the July 15th total of 395,953 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 271,757 shares, the short-interest ratio is currently 2.2 days.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several institutional investors and hedge funds have recently made changes to their positions in SVOL. SHP Wealth Management bought a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter worth $28,000. Kestra Advisory Services LLC acquired a new stake in Simplify Volatility Premium ETF in the fourth quarter valued at $55,000. Financial Perspectives Inc bought a new position in Simplify Volatility Premium ETF during the 4th quarter valued at $59,000. Strive Financial Group LLC bought a new position in Simplify Volatility Premium ETF during the 4th quarter valued at $64,000. Finally, Arkadios Wealth Advisors bought a new position in Simplify Volatility Premium ETF during the 1st quarter valued at $156,000.

Simplify Volatility Premium ETF Trading Down 0.3%

SVOL stock traded down $0.05 during trading on Wednesday, reaching $16.36. The stock had a trading volume of 81,952 shares, compared to its average volume of 369,701. The firm has a fifty day moving average price of $16.04 and a 200 day moving average price of $16.14. The company has a market capitalization of $540.37 million, a P/E ratio of 25.19 and a beta of 0.65. Simplify Volatility Premium ETF has a 1-year low of $15.06 and a 1-year high of $18.41.

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.