Simplify Volatility Premium ETF (NYSEARCA:SVOL) Hits New 52-Week Low – Here’s What Happened

Shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) reached 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 trading hands. The stock had previously closed at $18.07.

Simplify Volatility Premium ETF Stock Down 0.7 %

The firm has a market cap of $993.57 million, a price-to-earnings ratio of 23.27 and a beta of 0.56. The business has a 50 day moving average of $20.32 and a 200 day moving average of $21.11.

Simplify Volatility Premium ETF Cuts Dividend

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

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several hedge funds and other institutional investors have recently modified their holdings of SVOL. ARQ Wealth Advisors LLC raised its holdings in shares of Simplify Volatility Premium ETF by 21.7% during the 4th quarter. ARQ Wealth Advisors LLC now owns 67,899 shares of the company’s stock valued at $1,412,000 after buying an additional 12,087 shares during the period. JT Stratford LLC purchased a new stake in Simplify Volatility Premium ETF during the 4th quarter worth approximately $408,000. Vista Investment Management acquired a new stake in shares of Simplify Volatility Premium ETF during the fourth quarter worth approximately $261,000. Wolverine Trading LLC acquired a new position in Simplify Volatility Premium ETF during the 4th quarter worth $207,000. Finally, Visionary Wealth Advisors grew its stake in Simplify Volatility Premium ETF by 17.9% in the fourth quarter. Visionary Wealth Advisors now owns 103,865 shares of the company’s stock worth $2,159,000 after purchasing an additional 15,752 shares in the last quarter.

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.