-1x Short VIX Futures ETF Target of Unusually High Options Trading (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) saw some unusual options trading on Wednesday. Stock investors purchased 10,535 call options on the stock. This is an increase of approximately 65% compared to the typical daily volume of 6,366 call options.

-1x Short VIX Futures ETF Stock Performance

BATS SVIX opened at $26.10 on Thursday. The business has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $30.32.

Institutional Investors Weigh In On -1x Short VIX Futures ETF

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 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,950 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.

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.