-1x Short VIX Futures ETF (BATS:SVIX) Reaches New 52-Week High – Should You Buy?

-1x Short VIX Futures ETF (BATS:SVIX) shares reached a new 52-week high during mid-day trading on Monday. The stock traded as high as $30.11 and last traded at $30.0460, with a volume of 304,686 shares changing hands. The stock had previously closed at $29.66.

-1x Short VIX Futures ETF Price Performance

The company’s 50-day moving average is $27.90 and its 200 day moving average is $23.43.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in -1x Short VIX Futures ETF stock. Ramsey Quantitative Systems purchased a new position in shares of -1x Short VIX Futures ETF (BATS:SVIX) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 73,600 shares of the company’s stock, valued at approximately $1,156,000. -1x Short VIX Futures ETF comprises about 1.2% of Ramsey Quantitative Systems’ holdings, making the stock its 5th biggest holding. Ramsey Quantitative Systems owned 0.43% of -1x Short VIX Futures ETF at the end of the most recent reporting 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.