-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Up 10.3% – Time to Buy?

-1x Short VIX Futures ETF (BATS:SVIX)’s stock price shot up 10.3% on Monday . The stock traded as high as $26.13 and last traded at $26.63. 3,553,759 shares were traded during mid-day trading, The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Stock Up 11.7 %

The business’s 50 day moving average is $26.08 and its 200-day moving average is $26.81.

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

A hedge fund recently raised its stake in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC raised its holdings in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,950 shares of the company’s stock after buying an additional 33,335 shares during the period. Flow Traders U.S. LLC owned about 1.52% of -1x Short VIX Futures ETF worth $1,596,000 as of its most recent SEC filing.

-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.