-1x Short VIX Futures ETF (BATS:SVIX) Trading 0.5% Higher – Should You Buy?

Shares of -1x Short VIX Futures ETF (BATS:SVIX) shot up 0.5% during trading on Wednesday . The stock traded as high as $29.00 and last traded at $28.87. 832,989 shares changed hands during trading, The stock had previously closed at $28.73.

-1x Short VIX Futures ETF Price Performance

The firm has a 50-day moving average of $26.14 and a 200-day moving average of $35.12.

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

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC lifted its position in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,950 shares of the company’s stock after purchasing an additional 33,335 shares during the quarter. Flow Traders U.S. LLC owned about 1.52% of -1x Short VIX Futures ETF worth $1,596,000 at the end of the most recent reporting period.

-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.