-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Down 11.1% – Time to Sell?

-1x Short VIX Futures ETF (BATS:SVIX) shares traded down 11.1% during trading on Wednesday . The company traded as low as $25.32 and last traded at $21.47. 3,553,759 shares changed hands during trading, an increase of 35% from the average session volume of 2,639,703 shares. The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Stock Performance

The stock has a 50 day moving average of $24.42 and a 200 day moving average of $25.89.

Institutional Inflows and Outflows

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC lifted its holdings in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 58,950 shares of the company’s stock after purchasing an additional 33,335 shares during the quarter. Flow Traders U.S. LLC owned 1.52% of -1x Short VIX Futures ETF worth $1,596,000 as of its most recent filing with the SEC.

-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.