Andina Capital Management LLC Grows Stock Position in Simplify Volatility Premium ETF (NYSEARCA:SVOL)

Andina Capital Management LLC raised its holdings in Simplify Volatility Premium ETF (NYSEARCA:SVOL) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 72,982 shares of the company’s stock after buying an additional 16,515 shares during the quarter. Simplify Volatility Premium ETF comprises 1.2% of Andina Capital Management LLC’s holdings, making the stock its 23rd largest position. Andina Capital Management LLC owned 0.19% of Simplify Volatility Premium ETF worth $1,517,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Wealth Partners LLC purchased a new position in shares of Simplify Volatility Premium ETF in the third quarter worth about $25,000. Partnership Wealth Management LLC purchased a new position in Simplify Volatility Premium ETF during the third quarter valued at approximately $48,000. Iron Horse Wealth Management LLC raised its position in Simplify Volatility Premium ETF by 37.5% during the third quarter. Iron Horse Wealth Management LLC now owns 2,200 shares of the company’s stock valued at $48,000 after acquiring an additional 600 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in Simplify Volatility Premium ETF in the third quarter valued at approximately $48,000. Finally, Decker Retirement Planning Inc. acquired a new stake in Simplify Volatility Premium ETF in the fourth quarter valued at approximately $73,000.

Simplify Volatility Premium ETF Price Performance

Shares of SVOL opened at $21.70 on Friday. Simplify Volatility Premium ETF has a 12 month low of $19.41 and a 12 month high of $23.03. The stock’s 50 day moving average is $21.34 and its two-hundred day moving average is $21.75.

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.