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

Simplify Volatility Premium ETF (NYSEARCA:SVOL)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $18.83 and last traded at $18.82, with a volume of 521117 shares trading hands. The stock had previously closed at $19.43.

Simplify Volatility Premium ETF Price Performance

The company’s 50-day moving average price is $20.97 and its two-hundred day moving average price is $21.48. The company has a market capitalization of $990.62 million, a P/E ratio of 26.21 and a beta of 0.55.

Simplify Volatility Premium ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 25th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, February 25th.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Crewe Advisors LLC acquired a new position in shares of Simplify Volatility Premium ETF in the fourth quarter valued at about $27,000. FSA Wealth Management LLC boosted its holdings in Simplify Volatility Premium ETF by 50.0% in the 4th quarter. FSA Wealth Management LLC now owns 1,500 shares of the company’s stock valued at $31,000 after purchasing an additional 500 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of Simplify Volatility Premium ETF during the 3rd quarter worth approximately $48,000. Anfield Capital Management LLC bought a new position in shares of Simplify Volatility Premium ETF during the fourth quarter worth approximately $55,000. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Simplify Volatility Premium ETF in the fourth quarter valued at approximately $73,000.

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.