-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Down 0.7% – Time to Sell?

-1x Short VIX Futures ETF (BATS:SVIX) traded down 0.7% on Wednesday . The stock traded as low as $23.93 and last traded at $24.23. Approximately 1,452,642 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 4,618,122 shares. The stock had previously closed at $24.39.

-1x Short VIX Futures ETF Stock Down 0.7%

The business has a 50 day simple moving average of $22.56 and a 200-day simple moving average of $20.97.

Institutional Trading of -1x Short VIX Futures ETF

A number of large investors have recently modified their holdings of SVIX. JPMorgan Chase & Co. bought a new stake in -1x Short VIX Futures ETF in the 2nd quarter valued at about $273,000. Ramsey Quantitative Systems acquired a new position in -1x Short VIX Futures ETF during the 1st quarter valued at about $1,156,000. Finally, Jump Financial LLC boosted its stake in -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 valued at $3,208,000 after purchasing an additional 109,078 shares during the period.

-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.