-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Up 5.2% – Here’s Why

-1x Short VIX Futures ETF (BATS:SVIX) shares were up 5.2% during trading on Tuesday . The stock traded as high as $25.11 and last traded at $25.07. Approximately 3,384,960 shares were traded during mid-day trading, The stock had previously closed at $23.83.

-1x Short VIX Futures ETF Stock Up 5.2 %

The firm has a 50 day moving average of $26.07 and a two-hundred day moving average of $36.48.

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

A hedge fund recently raised its stake in -1x Short VIX Futures ETF stock. Selway Asset Management raised its position in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 89.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,400 shares of the company’s stock after acquiring an additional 34,100 shares during the period. Selway Asset Management owned approximately 1.87% of -1x Short VIX Futures ETF worth $1,960,000 at the end of the most recent reporting period.

-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.