-1x Short VIX Futures ETF (BATS:SVIX) Trading Down 5.9% – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX) was down 5.9% on Thursday . The company traded as low as $21.22 and last traded at $21.32. Approximately 8,397,117 shares changed hands during trading, an increase of 118% from the average daily volume of 3,855,220 shares. The stock had previously closed at $22.66.

-1x Short VIX Futures ETF Stock Down 5.9%

The business has a 50 day simple moving average of $23.17 and a 200-day simple moving average of $20.84.

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

A number of institutional investors have recently bought and sold shares of SVIX. JPMorgan Chase & Co. acquired a new position in -1x Short VIX Futures ETF in the 2nd quarter valued at about $273,000. Flow Traders U.S. LLC raised its position in shares of -1x Short VIX Futures ETF by 19.5% during the 2nd quarter. Flow Traders U.S. LLC now owns 91,537 shares of the company’s stock valued at $1,420,000 after buying an additional 14,957 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of -1x Short VIX Futures ETF during the 2nd quarter valued at approximately $6,387,000.

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.