Simplify Volatility Premium ETF (NYSEARCA:SVOL) Reaches New 1-Year Low – What’s Next?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) shares reached a new 52-week low during mid-day trading on Monday . The stock 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 company has a market capitalization of $990.62 million, a price-to-earnings ratio of 26.21 and a beta of 0.55. The firm has a fifty day moving average price of $20.97 and a 200-day moving average price of $21.48.

Simplify Volatility Premium ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 25th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 25th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC bought a new position in Simplify Volatility Premium ETF in the third quarter valued at about $48,000. Sigma Planning Corp bought a new stake in shares of Simplify Volatility Premium ETF during the 3rd quarter valued at approximately $337,000. Cumberland Partners Ltd increased its position in Simplify Volatility Premium ETF by 7.2% during the 3rd quarter. Cumberland Partners Ltd now owns 322,944 shares of the company’s stock worth $7,092,000 after purchasing an additional 21,586 shares in the last quarter. Mount Lucas Management LP bought a new position in Simplify Volatility Premium ETF in the 3rd quarter valued at approximately $1,825,000. Finally, Drive Wealth Management LLC bought a new stake in shares of Simplify Volatility Premium ETF during the third quarter worth $1,066,000.

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.