-1x Short VIX Futures ETF (BATS:SVIX) Position Boosted by Selway Asset Management

Selway Asset Management raised its holdings in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 89.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,400 shares of the company’s stock after acquiring an additional 34,100 shares during the quarter. Selway Asset Management’s holdings in -1x Short VIX Futures ETF were worth $1,960,000 at the end of the most recent quarter.

-1x Short VIX Futures ETF Price Performance

BATS:SVIX traded up $0.23 on Friday, hitting $24.41. 974,701 shares of the company’s stock traded hands. The firm’s 50-day simple moving average is $27.35 and its 200-day simple moving average is $38.24.

-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.