-1x Short VIX Futures ETF (BATS:SVIX) Shares Down 11.1% – Here’s What Happened

-1x Short VIX Futures ETF (BATS:SVIX) fell 11.1% on Wednesday . The stock traded as low as $25.32 and last traded at $21.47. 3,553,759 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 2,639,703 shares. The stock had previously closed at $24.15.

-1x Short VIX Futures ETF Stock Down 9.6 %

The business has a 50 day simple moving average of $24.36 and a 200-day simple moving average of $25.86.

Institutional Trading of -1x Short VIX Futures ETF

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management raised its position in -1x Short VIX Futures ETF (BATS:SVIX) by 14.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 82,500 shares of the company’s stock after purchasing an additional 10,100 shares during the quarter. Selway Asset Management owned about 2.13% of -1x Short VIX Futures ETF worth $2,093,000 as of its most recent filing with the Securities and Exchange Commission.

-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.