Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sees Large Growth in Short Interest

Simplify Volatility Premium ETF (NYSEARCA:SVOL) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 271,343 shares, an increase of 25.1% from the December 31st total of 216,956 shares. Based on an average daily trading volume, of 453,818 shares, the short-interest ratio is currently 0.6 days. Approximately 0.8% of the company’s stock are sold short. Approximately 0.8% of the company’s stock are sold short. Based on an average daily trading volume, of 453,818 shares, the short-interest ratio is currently 0.6 days.

Simplify Volatility Premium ETF Trading Down 1.3%

Simplify Volatility Premium ETF stock traded down $0.22 during mid-day trading on Wednesday, hitting $17.13. The company had a trading volume of 533,663 shares, compared to its average volume of 488,292. Simplify Volatility Premium ETF has a 12 month low of $13.18 and a 12 month high of $21.58. The company has a market capitalization of $605.31 million, a PE ratio of 25.19 and a beta of 0.65. The stock’s 50 day moving average price is $17.64 and its two-hundred day moving average price is $17.59.

Simplify Volatility Premium ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 27th were given a dividend of $0.30 per share. This represents a c) annualized dividend and a yield of 21.0%. The ex-dividend date of this dividend was Tuesday, January 27th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of Montreal Can raised its stake in shares of Simplify Volatility Premium ETF by 47.0% in the second quarter. Bank of Montreal Can now owns 24,455 shares of the company’s stock worth $450,000 after purchasing an additional 7,815 shares during the last quarter. Allworth Financial LP bought a new stake in Simplify Volatility Premium ETF in the 2nd quarter worth about $184,000. TD Waterhouse Canada Inc. lifted its stake in Simplify Volatility Premium ETF by 60.7% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 84,900 shares of the company’s stock valued at $1,561,000 after acquiring an additional 32,067 shares during the period. Discipline Wealth Solutions LLC bought a new stake in shares of Simplify Volatility Premium ETF in the third quarter worth approximately $818,000. Finally, Sigma Planning Corp raised its holdings in shares of Simplify Volatility Premium ETF by 13.8% during the second quarter. Sigma Planning Corp now owns 33,858 shares of the company’s stock valued at $623,000 after purchasing an additional 4,102 shares during the last quarter.

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.