Simplify Volatility Premium ETF (NYSEARCA:SVOL) Hits New 1-Year Low – Should You Sell?

Shares of Simplify Volatility Premium ETF (NYSEARCA:SVOL) reached a new 52-week low during trading on Monday . The company traded as low as $13.18 and last traded at $13.82, with a volume of 1203329 shares trading hands. The stock had previously closed at $15.61.

Simplify Volatility Premium ETF Price Performance

The firm’s 50 day moving average is $19.92 and its 200 day moving average is $20.94. The company has a market cap of $810.00 million, a PE ratio of 23.10 and a beta of 0.61.

Simplify Volatility Premium ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, March 26th were issued a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, March 26th.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Legacy Investment Solutions LLC purchased a new position in Simplify Volatility Premium ETF in the third quarter worth $10,595,000. Beacon Capital Management LLC bought a new stake in Simplify Volatility Premium ETF during the fourth quarter worth about $8,620,000. CoreCap Advisors LLC boosted its holdings in shares of Simplify Volatility Premium ETF by 8,227.2% in the 4th quarter. CoreCap Advisors LLC now owns 125,741 shares of the company’s stock worth $2,614,000 after purchasing an additional 124,231 shares in the last quarter. Jane Street Group LLC increased its position in shares of Simplify Volatility Premium ETF by 176.2% during the 4th quarter. Jane Street Group LLC now owns 162,050 shares of the company’s stock valued at $3,369,000 after purchasing an additional 103,376 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in shares of Simplify Volatility Premium ETF during the 4th quarter valued at about $1,600,000.

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.