-1x Short VIX Futures ETF (BATS:SVIX – Get Free Report) was the recipient of some unusual options trading activity on Thursday. Investors purchased 11,602 call options on the stock. This is an increase of 83% compared to the average daily volume of 6,343 call options.
-1x Short VIX Futures ETF Stock Performance
Shares of BATS SVIX traded down $0.38 during mid-day trading on Thursday, hitting $26.55. 717,845 shares of the stock were exchanged, compared to its average volume of 4,283,645. The stock’s fifty day simple moving average is $24.05 and its two-hundred day simple moving average is $21.10. -1x Short VIX Futures ETF has a twelve month low of $14.13 and a twelve month high of $26.98.
Institutional Investors Weigh In On -1x Short VIX Futures ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new stake in shares of -1x Short VIX Futures ETF during the second quarter worth $273,000. Ramsey Quantitative Systems bought a new position in -1x Short VIX Futures ETF in the first quarter valued at about $1,156,000. Finally, Jump Financial LLC increased its position in -1x Short VIX Futures ETF by 467.8% in the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after purchasing an additional 109,078 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.
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