Traders Purchase High Volume of -1x Short VIX Futures ETF Call Options (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) was the target of unusually large options trading activity on Wednesday. Investors purchased 10,535 call options on the company. This represents an increase of 65% compared to the typical daily volume of 6,366 call options.

-1x Short VIX Futures ETF Price Performance

Shares of -1x Short VIX Futures ETF stock traded up $0.40 during trading hours on Wednesday, hitting $24.15. 2,863,018 shares of the company were exchanged. The firm has a 50-day simple moving average of $27.35 and a 200-day simple moving average of $30.37.

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

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management increased its stake in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 89.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,400 shares of the company’s stock after purchasing an additional 34,100 shares during the period. Selway Asset Management owned 1.87% of -1x Short VIX Futures ETF worth $1,960,000 as of its most recent SEC filing.

-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.