Short Interest in -1x Short VIX Futures ETF (BATS:SVIX) Drops By 41.4%

-1x Short VIX Futures ETF (BATS:SVIX) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 1,808,048 shares, a drop of 41.4% from the May 31st total of 3,087,724 shares. Based on an average trading volume of 3,276,821 shares, the short-interest ratio is currently 0.6 days. Approximately 10.5% of the company’s stock are short sold.

-1x Short VIX Futures ETF Stock Up 2.1%

SVIX opened at $23.78 on Wednesday. The business’s 50 day moving average is $20.93 and its two-hundred day moving average is $20.86. -1x Short VIX Futures ETF has a 52 week low of $14.13 and a 52 week high of $25.05.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ramsey Quantitative Systems acquired a new stake in -1x Short VIX Futures ETF in the first quarter valued at $1,156,000. Jump Financial LLC raised its position in shares of -1x Short VIX Futures ETF by 467.8% during the 4th 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 during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in -1x Short VIX Futures ETF by 38.9% in the 3rd 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.