-1x Short VIX Futures ETF (BATS:SVIX) Shares Up 0.4% – Time to Buy?

-1x Short VIX Futures ETF (BATS:SVIX)’s share price traded up 0.4% during mid-day trading on Wednesday . The stock traded as high as $26.13 and last traded at $24.2350. 3,553,759 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 5,196,463 shares. The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Trading Up 0.4%

The company’s fifty day moving average is $20.83 and its two-hundred day moving average is $19.23.

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

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in -1x Short VIX Futures ETF in the 2nd quarter worth approximately $273,000. Flow Traders U.S. LLC lifted its position in shares of -1x Short VIX Futures ETF by 19.5% during the second quarter. Flow Traders U.S. LLC now owns 91,537 shares of the company’s stock worth $1,420,000 after purchasing an additional 14,957 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of -1x Short VIX Futures ETF in the second quarter valued at $6,387,000.

-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.