-1x Short VIX Futures ETF (BATS:SVIX) Trading 14.9% Higher – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX) traded up 14.9% on Monday . The company traded as high as $24.71 and last traded at $24.67. 8,531,132 shares traded hands during trading, The stock had previously closed at $21.48.

-1x Short VIX Futures ETF Price Performance

The stock has a 50-day moving average of $27.05 and a two-hundred day moving average of $32.64.

Institutional Trading of -1x Short VIX Futures ETF

A hedge fund recently raised its stake in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC boosted its position in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 58,950 shares of the company’s stock after buying an additional 33,335 shares during the quarter. Flow Traders U.S. LLC owned approximately 1.52% of -1x Short VIX Futures ETF worth $1,596,000 as of its most recent filing with the Securities & Exchange Commission.

-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.