-1x Short VIX Futures ETF (BATS:SVIX) Trading Down 0.7% – Here’s What Happened

-1x Short VIX Futures ETF (BATS:SVIX)’s share price fell 0.7% during mid-day trading on Wednesday . The stock traded as low as $23.93 and last traded at $24.23. 1,452,642 shares changed hands during trading, a decline of 69% from the average daily volume of 4,618,122 shares. The stock had previously closed at $24.39.

-1x Short VIX Futures ETF Price Performance

The company’s fifty day simple moving average is $22.63 and its 200 day simple moving average is $20.96.

Institutional Trading of -1x Short VIX Futures ETF

Several hedge funds and other institutional investors have recently modified their holdings of SVIX. Ramsey Quantitative Systems bought a new position in -1x Short VIX Futures ETF in the 1st quarter valued at about $1,156,000. Jump Financial LLC lifted its position in -1x Short VIX Futures ETF by 467.8% during the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after acquiring an additional 109,078 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of -1x Short VIX Futures ETF by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock worth $522,000 after acquiring 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.