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

Simplify Volatility Premium ETF (NYSEARCA:SVOL)’s stock price hit a new 52-week low on Monday . The company traded as low as $17.53 and last traded at $17.82, with a volume of 477468 shares. The stock had previously closed at $18.07.

Simplify Volatility Premium ETF Trading Down 0.7 %

The stock’s 50-day moving average price is $20.32 and its 200-day moving average price is $21.11. The company has a market capitalization of $993.57 million, a P/E ratio of 23.27 and a beta of 0.56.

Simplify Volatility Premium ETF Cuts Dividend

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

Institutional Trading of Simplify Volatility Premium ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Crewe Advisors LLC acquired a new position in Simplify Volatility Premium ETF during the 4th quarter valued at approximately $27,000. FSA Wealth Management LLC boosted its holdings in shares of Simplify Volatility Premium ETF by 50.0% during the fourth quarter. FSA Wealth Management LLC now owns 1,500 shares of the company’s stock valued at $31,000 after acquiring an additional 500 shares during the period. Anfield Capital Management LLC bought a new position in shares of Simplify Volatility Premium ETF during the fourth quarter worth about $55,000. Decker Retirement Planning Inc. acquired a new stake in shares of Simplify Volatility Premium ETF in the 4th quarter worth about $73,000. Finally, Whipplewood Advisors LLC bought a new stake in Simplify Volatility Premium ETF in the 4th quarter valued at about $94,000.

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.