Simplify Volatility Premium ETF (NYSEARCA:SVOL) Stock Falls 1.5% – Here’s What Happened

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

Simplify Volatility Premium ETF Price Performance

The company has a market cap of $519.14 million, a price-to-earnings ratio of 25.19 and a beta of 0.65. The business’s 50-day simple moving average is $16.36 and its 200-day simple moving average is $16.08.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

Large investors have recently bought and sold shares of the stock. Strive Financial Group LLC lifted its position 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 valued at $73,000 after buying an additional 925 shares in the last quarter. Sigma Planning Corp grew its stake in Simplify Volatility Premium ETF by 3.8% during the first quarter. Sigma Planning Corp now owns 38,875 shares of the company’s stock worth $596,000 after buying an additional 1,419 shares during the period. SHP Wealth Management acquired a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter worth $28,000. Cambridge Advisors Inc. increased its position in shares of Simplify Volatility Premium ETF by 3.4% in the first quarter. Cambridge Advisors Inc. now owns 49,492 shares of the company’s stock worth $759,000 after acquiring an additional 1,638 shares in the last quarter. Finally, Park Edge Advisors LLC raised its stake in shares of Simplify Volatility Premium ETF by 2.6% in the 1st quarter. Park Edge Advisors LLC now owns 97,673 shares of the company’s stock valued at $1,498,000 after acquiring an additional 2,494 shares during the period.

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.