Traders Purchase High Volume of -1x Short VIX Futures ETF Put Options (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) was the recipient of some unusual options trading on Tuesday. Investors purchased 16,782 put options on the stock. This is an increase of 62% compared to the average daily volume of 10,330 put options.

Institutional Investors Weigh In On -1x Short VIX Futures ETF

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management increased its position in -1x Short VIX Futures ETF (BATS:SVIX) by 13.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 29,800 shares of the company’s stock after acquiring an additional 3,500 shares during the quarter. Selway Asset Management owned about 1.24% of -1x Short VIX Futures ETF worth $1,262,000 as of its most recent SEC filing.

-1x Short VIX Futures ETF Stock Down 3.0 %

Shares of -1x Short VIX Futures ETF stock opened at $25.21 on Thursday. The company’s 50-day simple moving average is $38.71 and its two-hundred day simple moving average is $41.02.

-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.