-1x Short VIX Futures ETF (BATS:SVIX) Sets New 52-Week High – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $29.20 and last traded at $29.0450, with a volume of 86535 shares trading hands. The stock had previously closed at $28.83.

-1x Short VIX Futures ETF Stock Up 0.6%

The business has a 50 day simple moving average of $25.15 and a 200-day simple moving average of $21.52.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SVIX. JPMorgan Chase & Co. raised its stake in -1x Short VIX Futures ETF by 38.9% during the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock worth $522,000 after purchasing an additional 6,838 shares during the period. Ramsey Quantitative Systems acquired a new stake in shares of -1x Short VIX Futures ETF during the 1st quarter worth approximately $1,156,000. Finally, Jump Financial LLC increased its holdings in shares of -1x Short VIX Futures ETF by 467.8% during the 4th quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after buying an additional 109,078 shares during the last quarter.

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.