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

-1x Short VIX Futures ETF (BATS:SVIX) shares rose 0.5% on Wednesday . The company traded as high as $29.00 and last traded at $28.87. Approximately 832,989 shares were traded during trading, The stock had previously closed at $28.73.

-1x Short VIX Futures ETF Stock Up 0.5 %

The business has a fifty day moving average of $26.14 and a 200-day moving average of $35.12.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC boosted its stake in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,950 shares of the company’s stock after buying an additional 33,335 shares during the period. Flow Traders U.S. LLC owned 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.