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

-1x Short VIX Futures ETF (BATS:SVIX)’s share price rose 1% during trading on Wednesday . The company traded as high as $18.83 and last traded at $18.56. Approximately 1,902,924 shares changed hands during trading, a decline of 69% from the average daily volume of 6,095,875 shares. The stock had previously closed at $18.37.

-1x Short VIX Futures ETF Trading Up 1.0%

The business has a fifty day simple moving average of $18.37 and a 200 day simple moving average of $20.41.

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

Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in shares of -1x Short VIX Futures ETF in the second quarter valued at approximately $273,000. Ramsey Quantitative Systems acquired a new stake in shares of -1x Short VIX Futures ETF in the first quarter valued at approximately $1,156,000. Finally, Jump Financial LLC boosted its stake in -1x Short VIX Futures ETF by 467.8% during the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after buying an additional 109,078 shares during the last quarter.

About -1x Short VIX Futures ETF

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.