-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Up 9.6% – Time to Buy?

Shares of -1x Short VIX Futures ETF (BATS:SVIX) rose 9.6% during mid-day trading on Monday . The stock traded as high as $18.46 and last traded at $18.21. Approximately 14,711,812 shares traded hands during trading, an increase of 182% from the average daily volume of 5,212,272 shares. The stock had previously closed at $16.62.

-1x Short VIX Futures ETF Price Performance

The stock has a 50-day simple moving average of $22.53 and a 200-day simple moving average of $21.21.

Institutional Investors Weigh In On -1x Short VIX Futures ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in -1x Short VIX Futures ETF in the second quarter valued at about $273,000. Flow Traders U.S. LLC increased its holdings in shares of -1x Short VIX Futures ETF by 19.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 91,537 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,957 shares during the last quarter. Finally, Jump Financial LLC bought a new stake in shares of -1x Short VIX Futures ETF in the 2nd quarter valued at approximately $6,387,000.

-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.