Simplify Volatility Premium ETF (NYSEARCA:SVOL) Reaches New 12-Month Low – Time to Sell?

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

Simplify Volatility Premium ETF Trading Down 5.5 %

The stock’s fifty day moving average price is $19.92 and its two-hundred day moving average price is $20.94. The stock has a market capitalization of $810.00 million, a P/E ratio of 23.10 and a beta of 0.61.

Simplify Volatility Premium ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, March 26th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, March 26th.

Institutional Investors Weigh In On Simplify Volatility Premium ETF

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