-1x Short VIX Futures ETF (BATS:SVIX) Shares Down 0.7% – Should You Sell?

-1x Short VIX Futures ETF (BATS:SVIX)’s stock price fell 0.7% during mid-day trading on Wednesday . The company traded as low as $23.93 and last traded at $24.23. Approximately 1,452,642 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,618,122 shares. The stock had previously closed at $24.39.

-1x Short VIX Futures ETF Stock Down 0.7%

The firm’s fifty day moving average is $22.56 and its 200-day moving average is $20.97.

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

Several large investors have recently modified their holdings of SVIX. Jump Financial LLC grew its stake in -1x Short VIX Futures ETF by 467.8% in the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after purchasing an additional 109,078 shares in the last quarter. Ramsey Quantitative Systems acquired a new stake in -1x Short VIX Futures ETF during the first quarter valued at approximately $1,156,000. Finally, JPMorgan Chase & Co. raised its stake in -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 valued at $522,000 after buying 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.