-1x Short VIX Futures ETF (BATS:SVIX) Sets New 12-Month High – Here’s What Happened

Shares of -1x Short VIX Futures ETF (BATS:SVIX) hit a new 52-week high on Tuesday . The stock traded as high as $29.22 and last traded at $29.2090, with a volume of 568506 shares traded. The stock had previously closed at $28.57.

-1x Short VIX Futures ETF Stock Up 2.8%

The business’s 50 day moving average is $26.16 and its 200-day moving average is $22.10.

Institutional Trading of -1x Short VIX Futures ETF

A hedge fund recently bought a new stake in -1x Short VIX Futures ETF stock. Ramsey Quantitative Systems purchased a new stake in -1x Short VIX Futures ETF (BATS:SVIX) during the first quarter, according to its most recent disclosure 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 makes up approximately 1.2% of Ramsey Quantitative Systems’ holdings, making the stock its 5th biggest holding. Ramsey Quantitative Systems owned approximately 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.