-1x Short VIX Futures ETF Target of Unusually Large Options Trading (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) was the target of some unusual options trading activity on Thursday. Stock traders acquired 22,361 call options on the company. This is an increase of approximately 183% compared to the average daily volume of 7,891 call options.

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

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management boosted its holdings in shares of -1x Short VIX Futures ETF (BATS:SVIX) by 14.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 82,500 shares of the company’s stock after buying an additional 10,100 shares during the quarter. Selway Asset Management owned approximately 2.13% of -1x Short VIX Futures ETF worth $2,093,000 at the end of the most recent reporting period.

-1x Short VIX Futures ETF Trading Down 29.6 %

BATS:SVIX traded down $7.14 on Thursday, hitting $17.01. 3,553,759 shares of the company’s stock were exchanged, compared to its average volume of 2,811,401. The firm has a 50-day moving average price of $23.69 and a 200-day moving average price of $25.52. -1x Short VIX Futures ETF has a 52 week low of $16.81 and a 52 week high of $51.59.

-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.