-1x Short VIX Futures ETF (BATS:SVIX) Trading 9.2% Higher – Here’s What Happened

-1x Short VIX Futures ETF (BATS:SVIX) was up 9.2% during mid-day trading on Tuesday . The company traded as high as $15.77 and last traded at $15.71. Approximately 12,156,860 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 6,471,436 shares. The stock had previously closed at $14.39.

-1x Short VIX Futures ETF Stock Performance

The business has a 50 day moving average of $19.91 and a 200-day moving average of $20.76.

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

A number of institutional investors have recently modified their holdings of the business. Jump Financial LLC acquired a new stake in -1x Short VIX Futures ETF during the 2nd quarter worth $6,387,000. Flow Traders U.S. LLC grew its position in -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 worth $1,420,000 after purchasing an additional 14,957 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in -1x Short VIX Futures ETF by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock valued at $522,000 after purchasing 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.