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Simplify Volatility Premium ETF (NYSEARCA:SVOL) Trading 0.9% Higher

Defense World ·  Mar 21, 2023 02:04

Simplify Volatility Premium ETF (NYSEARCA:SVOL – Get Rating)'s stock price traded up 0.9% on Monday . The stock traded as high as $21.46 and last traded at $21.41. 244,153 shares were traded during mid-day trading, an increase of 48% from the average session volume of 164,843 shares. The stock had previously closed at $21.22.

Simplify Volatility Premium ETF Stock Up 0.9 %

The company's 50 day moving average price is $22.32 and its two-hundred day moving average price is $21.89.

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Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Worth Asset Management LLC bought a new stake in shares of Simplify Volatility Premium ETF in the third quarter valued at about $35,000. UBS Group AG raised its stake in shares of Simplify Volatility Premium ETF by 483.4% during the 4th quarter. UBS Group AG now owns 1,966 shares of the company's stock worth $43,000 after buying an additional 1,629 shares during the period. Morgan Stanley raised its stake in Simplify Volatility Premium ETF by 27.6% in the 4th quarter. Morgan Stanley now owns 3,048 shares of the company's stock valued at $67,000 after purchasing an additional 660 shares during the last quarter. Mach 1 Financial Group LLC acquired a new position in Simplify Volatility Premium ETF in the 3rd quarter valued at $149,000. Finally, Janney Montgomery Scott LLC acquired a new position in Simplify Volatility Premium ETF in the 3rd quarter valued at $242,000.

About Simplify Volatility Premium ETF

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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.

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