Simplify Volatility Premium ETF (NYSEARCA:SVOL) Reaches New 12-Month Low – Here’s Why

Simplify Volatility Premium ETF (NYSEARCA:SVOL)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $17.53 and last traded at $17.82, with a volume of 477468 shares. The stock had previously closed at $18.07.

Simplify Volatility Premium ETF Trading Up 0.7 %

The firm’s fifty day moving average is $20.20 and its 200-day moving average is $21.05. The stock has a market capitalization of $1.01 billion, a PE ratio of 23.10 and a beta of 0.61.

Simplify Volatility Premium ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Trading of Simplify Volatility Premium ETF

Several institutional investors have recently added to or reduced their stakes in SVOL. Legacy Investment Solutions LLC purchased a new position in Simplify Volatility Premium ETF during the 3rd quarter valued at about $10,595,000. Fiduciary Alliance LLC acquired a new stake in shares of Simplify Volatility Premium ETF during the fourth quarter worth about $825,000. Elevated Capital Advisors LLC purchased a new position in shares of Simplify Volatility Premium ETF in the fourth quarter valued at approximately $1,037,000. Peak Financial Advisors LLC grew its holdings in shares of Simplify Volatility Premium ETF by 1.5% in the fourth quarter. Peak Financial Advisors LLC now owns 486,861 shares of the company’s stock valued at $10,122,000 after purchasing an additional 7,306 shares in the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in Simplify Volatility Premium ETF during the 4th quarter worth approximately $73,000.

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.