Traders Purchase High Volume of -1x Short VIX Futures ETF Call Options (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) was the recipient of some unusual options trading on Thursday. Stock traders acquired 11,602 call options on the stock. This is an increase of approximately 83% compared to the average volume of 6,343 call options.

-1x Short VIX Futures ETF Stock Performance

SVIX stock traded down $0.38 during midday trading on Thursday, hitting $26.55. 717,845 shares of the company’s stock were exchanged, compared to its average volume of 4,283,645. The stock’s fifty day moving average price is $24.05 and its 200-day moving average price is $21.10. -1x Short VIX Futures ETF has a one year low of $14.13 and a one year high of $26.98.

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

Several institutional investors and hedge funds have recently modified their holdings of the business. Ramsey Quantitative Systems bought a new position in -1x Short VIX Futures ETF in the first quarter valued at approximately $1,156,000. Jump Financial LLC increased its position in shares of -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 in the last quarter. Finally, JPMorgan Chase & Co. increased its position 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 in the last 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.