-1x Short VIX Futures ETF (BATS:SVIX) Hits New 12-Month High – What’s Next?

-1x Short VIX Futures ETF (BATS:SVIX)’s stock price reached a new 52-week high on Tuesday. The company traded as high as $29.70 and last traded at $29.4580, with a volume of 113345 shares traded. The stock had previously closed at $29.20.

-1x Short VIX Futures ETF Stock Down 0.6%

The stock’s fifty day moving average price is $27.44 and its 200-day moving average price is $23.05.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in -1x Short VIX Futures ETF stock. Ramsey Quantitative Systems purchased a new stake in shares of -1x Short VIX Futures ETF (BATS:SVIX) in the first quarter, according to its most recent filing with the SEC. The firm purchased 73,600 shares of the company’s stock, valued at approximately $1,156,000. -1x Short VIX Futures ETF accounts for about 1.2% of Ramsey Quantitative Systems’ portfolio, making the stock its 5th largest position. Ramsey Quantitative Systems owned about 0.43% of -1x Short VIX Futures ETF at the end of the most recent reporting period.

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.