-1x Short VIX Futures ETF Target of Unusually High Options Trading (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) saw unusually large options trading activity on Monday. Traders purchased 18,270 call options on the stock. This represents an increase of 27% compared to the average volume of 14,337 call options.

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

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management lifted its position in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 14.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 82,500 shares of the company’s stock after purchasing an additional 10,100 shares during the quarter. Selway Asset Management owned approximately 2.13% of -1x Short VIX Futures ETF worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

-1x Short VIX Futures ETF Stock Performance

BATS:SVIX opened at $10.80 on Tuesday. The firm’s 50-day moving average is $19.43 and its 200-day moving average is $23.95. -1x Short VIX Futures ETF has a 52-week low of $9.30 and a 52-week high of $51.59.

-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.