-1x Short VIX Futures ETF (BATS:SVIX – Get Free Report) saw some unusual options trading on Wednesday. Stock investors bought 10,535 call options on the stock. This is an increase of 65% compared to the average volume of 6,366 call options.
Hedge Funds Weigh In On -1x Short VIX Futures ETF
A hedge fund recently raised its stake in -1x Short VIX Futures ETF stock. Selway Asset Management raised its position in shares of -1x Short VIX Futures ETF (BATS:SVIX – Free Report) by 89.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 72,400 shares of the company’s stock after purchasing an additional 34,100 shares during the quarter. Selway Asset Management owned about 1.87% of -1x Short VIX Futures ETF worth $1,960,000 as of its most recent SEC filing.
-1x Short VIX Futures ETF Stock Performance
BATS SVIX opened at $26.16 on Friday. The business’s 50 day moving average is $27.25 and its two-hundred day moving average is $30.29.
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.
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