-1x Short VIX Futures ETF (BATS:SVIX) Shares Down 0.9% – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX) shares were down 0.9% during trading on Thursday . The stock traded as low as $25.32 and last traded at $23.9340. Approximately 3,553,759 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 5,196,463 shares. The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Stock Down 0.9%

The company has a 50 day moving average price of $22.10 and a 200-day moving average price of $20.18.

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

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in shares of -1x Short VIX Futures ETF by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock valued at $522,000 after buying an additional 6,838 shares during the period. Flow Traders U.S. LLC lifted its holdings in -1x Short VIX Futures ETF by 19.5% in the 2nd quarter. Flow Traders U.S. LLC now owns 91,537 shares of the company’s stock valued at $1,420,000 after acquiring an additional 14,957 shares during the last quarter. Finally, Jump Financial LLC acquired a new stake in -1x Short VIX Futures ETF in the 2nd quarter valued at about $6,387,000.

-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.