Simplify Volatility Premium ETF (NYSEARCA:SVOL) Sets New 52-Week Low – Here’s Why

Simplify Volatility Premium ETF (NYSEARCA:SVOL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $19.24 and last traded at $19.35, with a volume of 1421059 shares trading hands. The stock had previously closed at $19.99.

Simplify Volatility Premium ETF Price Performance

The stock has a market cap of $1.06 billion, a PE ratio of 26.21 and a beta of 0.55. The business has a fifty day moving average of $21.11 and a 200-day moving average of $21.57.

Simplify Volatility Premium ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 25th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, February 25th.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Large investors have recently bought and sold shares of the business. Farther Finance Advisors LLC acquired a new position in shares of Simplify Volatility Premium ETF during the third quarter worth $48,000. Clarity Capital Partners LLC acquired a new position in shares of Simplify Volatility Premium ETF during the third quarter worth $297,000. Sigma Planning Corp acquired a new position in shares of Simplify Volatility Premium ETF during the third quarter worth $337,000. Cumberland Partners Ltd increased its position in shares of Simplify Volatility Premium ETF by 7.2% during the third 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. Finally, Mount Lucas Management LP acquired a new position in shares of Simplify Volatility Premium ETF during the third quarter worth $1,825,000.

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.