-1x Short VIX Futures ETF (BATS:SVIX) Trading 2.2% Higher – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX)’s share price traded up 2.2% during trading on Thursday . The stock traded as high as $19.84 and last traded at $19.68. 3,768,432 shares traded hands during trading, a decline of 32% from the average session volume of 5,518,657 shares. The stock had previously closed at $19.26.

-1x Short VIX Futures ETF Trading Down 0.7%

The company’s 50-day simple moving average is $17.79 and its 200 day simple moving average is $20.35.

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

A number of hedge funds have recently bought and sold shares of the company. Ramsey Quantitative Systems bought a new stake in -1x Short VIX Futures ETF during the first quarter valued at about $1,156,000. Jump Financial LLC boosted its holdings 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 valued at $3,208,000 after acquiring an additional 109,078 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 6,838 shares during the period.

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.