-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Up 0.5% – Here’s Why

-1x Short VIX Futures ETF (BATS:SVIX) shares shot up 0.5% during trading on Wednesday . The company traded as high as $29.00 and last traded at $28.87. 832,989 shares changed hands during trading, The stock had previously closed at $28.73.

-1x Short VIX Futures ETF Stock Up 0.5 %

The company has a 50-day moving average price of $26.19 and a two-hundred day moving average price of $35.04.

Institutional Inflows and Outflows

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC increased its position in shares of -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 & Exchange Commission. The firm owned 58,950 shares of the company’s stock after acquiring an additional 33,335 shares during the period. Flow Traders U.S. LLC owned approximately 1.52% of -1x Short VIX Futures ETF worth $1,596,000 at the end of the most recent 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.