Simplify Volatility Premium ETF (NYSEARCA:SVOL) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Simplify Volatility Premium ETF (NYSEARCA:SVOL) passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $16.36 and traded as low as $16.31. Simplify Volatility Premium ETF shares last traded at $16.32, with a volume of 235,669 shares traded.

Simplify Volatility Premium ETF Price Performance

The business has a 50 day simple moving average of $16.59 and a 200-day simple moving average of $16.35. The stock has a market capitalization of $516.32 million, a price-to-earnings ratio of 25.19 and a beta of 0.65.

Hedge Funds Weigh In On Simplify Volatility Premium ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Strive Financial Group LLC increased its stake in Simplify Volatility Premium ETF by 25.5% during the 2nd quarter. Strive Financial Group LLC now owns 4,547 shares of the company’s stock worth $73,000 after purchasing an additional 925 shares in the last quarter. Sigma Planning Corp boosted its holdings in shares of Simplify Volatility Premium ETF by 3.8% in the first quarter. Sigma Planning Corp now owns 38,875 shares of the company’s stock valued at $596,000 after buying an additional 1,419 shares during the period. Koshinski Asset Management Inc. raised its holdings in shares of Simplify Volatility Premium ETF by 21.8% during the first quarter. Koshinski Asset Management Inc. now owns 14,328 shares of the company’s stock worth $220,000 after acquiring an additional 2,562 shares during the period. Claris Financial LLC raised its holdings in shares of Simplify Volatility Premium ETF by 8.5% during the first quarter. Claris Financial LLC now owns 52,626 shares of the company’s stock worth $807,000 after acquiring an additional 4,137 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Simplify Volatility Premium ETF by 17.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 38,824 shares of the company’s stock worth $623,000 after purchasing an additional 5,692 shares during the period.

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. SVOL was launched on May 12, 2021 and is managed by Simplify.