Howard Bailey Securities LLC Takes $1.90 Million Position in Simplify Volatility Premium ETF $SVOL

Howard Bailey Securities LLC bought a new position in Simplify Volatility Premium ETF (NYSEARCA:SVOL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 108,091 shares of the company’s stock, valued at approximately $1,898,000. Simplify Volatility Premium ETF accounts for approximately 0.7% of Howard Bailey Securities LLC’s holdings, making the stock its 28th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Greenberg Financial Group acquired a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $985,000. B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of Simplify Volatility Premium ETF by 75.5% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 94,136 shares of the company’s stock worth $1,653,000 after buying an additional 40,484 shares during the period. FSA Advisors Inc. acquired a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $1,521,000. Elevated Capital Advisors LLC boosted its holdings in shares of Simplify Volatility Premium ETF by 19.7% in the fourth quarter. Elevated Capital Advisors LLC now owns 413,589 shares of the company’s stock worth $7,263,000 after buying an additional 67,939 shares during the period. Finally, Key Capital Management INC acquired a new position in shares of Simplify Volatility Premium ETF in the fourth quarter worth about $2,591,000.

Simplify Volatility Premium ETF Price Performance

Shares of SVOL opened at $15.95 on Tuesday. Simplify Volatility Premium ETF has a one year low of $15.06 and a one year high of $19.50. The company has a 50-day moving average of $15.86 and a two-hundred day moving average of $16.70. The stock has a market cap of $590.63 million, a price-to-earnings ratio of 25.19 and a beta of 0.65.

Simplify Volatility Premium ETF 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.