-1x Short VIX Futures ETF (BATS:SVIX) Trading Up 9.2% – Here’s Why

-1x Short VIX Futures ETF (BATS:SVIX) shot up 9.2% during mid-day trading on Tuesday . The company traded as high as $15.77 and last traded at $15.71. 12,156,860 shares traded hands during mid-day trading, an increase of 88% from the average session volume of 6,471,436 shares. The stock had previously closed at $14.39.

-1x Short VIX Futures ETF Stock Performance

The business has a 50 day simple moving average of $20.06 and a 200 day simple moving average of $20.80.

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

Several hedge funds have recently bought and sold shares of the company. Jump Financial LLC acquired a new position in -1x Short VIX Futures ETF in the 2nd quarter valued at about $6,387,000. Flow Traders U.S. LLC increased its stake in -1x Short VIX Futures ETF by 19.5% during the second quarter. Flow Traders U.S. LLC now owns 91,537 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,957 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of -1x Short VIX Futures ETF by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock worth $522,000 after purchasing an additional 6,838 shares in the last quarter.

-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.