-1x Short VIX Futures ETF (BATS:SVIX) Hits New 52-Week High – Should You Buy?

-1x Short VIX Futures ETF (BATS:SVIX) reached a new 52-week high during trading on Tuesday . The stock traded as high as $29.22 and last traded at $29.2090, with a volume of 568506 shares trading hands. The stock had previously closed at $28.57.

-1x Short VIX Futures ETF Trading Up 2.8%

The firm’s 50 day simple moving average is $26.16 and its 200-day simple moving average is $22.10.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in -1x Short VIX Futures ETF stock. Ramsey Quantitative Systems purchased a new stake in -1x Short VIX Futures ETF (BATS:SVIX) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 73,600 shares of the company’s stock, valued at approximately $1,156,000. -1x Short VIX Futures ETF accounts for approximately 1.2% of Ramsey Quantitative Systems’ holdings, making the stock its 5th largest position. Ramsey Quantitative Systems owned 0.43% of -1x Short VIX Futures ETF 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.