-1x Short VIX Futures ETF (BATS:SVIX) Trading Up 10.3% – Time to Buy?

-1x Short VIX Futures ETF (BATS:SVIX) shares shot up 10.3% on Monday . The stock traded as high as $26.13 and last traded at $26.63. 3,553,759 shares changed hands during mid-day trading, The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Price Performance

The business’s 50 day moving average price is $26.19 and its 200-day moving average price is $26.84.

Hedge Funds Weigh In On -1x Short VIX Futures ETF

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC lifted its stake in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,950 shares of the company’s stock after purchasing an additional 33,335 shares during the quarter. Flow Traders U.S. LLC owned 1.52% of -1x Short VIX Futures ETF worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

-1x Short VIX Futures ETF Company Profile

The -1x Short VIX Futures ETF (SVIX) is an exchange-traded fund that is based on the Short VIX Futures index. The fund tracks an index that provides daily inverse exposure to a portfolio comprising first- and second-month VIX futures positions with a weighted average maturity of one month. SVIX was launched on Mar 30, 2022 and is managed by Volatility Shares.