Simplify Volatility Premium ETF (NYSEARCA:SVOL) Hits New 1-Year Low – Should You Sell?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) shares reached a new 52-week low on Monday . The company traded as low as $18.83 and last traded at $18.82, with a volume of 521117 shares traded. The stock had previously closed at $19.43.

Simplify Volatility Premium ETF Stock Performance

The stock has a market capitalization of $982.76 million, a P/E ratio of 26.21 and a beta of 0.55. The stock’s fifty day simple moving average is $20.87 and its two-hundred day simple moving average is $21.43.

Simplify Volatility Premium ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 25th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, February 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SVOL. Crewe Advisors LLC acquired a new position in shares of Simplify Volatility Premium ETF in the 4th quarter worth approximately $27,000. FSA Wealth Management LLC lifted its position in shares of Simplify Volatility Premium ETF by 50.0% in the 4th quarter. FSA Wealth Management LLC now owns 1,500 shares of the company’s stock worth $31,000 after purchasing an additional 500 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Simplify Volatility Premium ETF in the 3rd quarter worth approximately $48,000. Anfield Capital Management LLC acquired a new position in shares of Simplify Volatility Premium ETF in the 4th quarter worth approximately $55,000. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Simplify Volatility Premium ETF during the 4th quarter valued at $73,000.

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.