-1x Short VIX Futures ETF (BATS:SVIX) Short Interest Down 41.4% in June

-1x Short VIX Futures ETF (BATS:SVIX) saw a large decline in short interest in June. As of June 15th, there was short interest totaling 1,808,048 shares, a decline of 41.4% from the May 31st total of 3,087,724 shares. Approximately 10.5% of the shares of the stock are short sold. Based on an average trading volume of 3,276,821 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. purchased a new position in shares of -1x Short VIX Futures ETF during the 2nd quarter worth $273,000. Ramsey Quantitative Systems acquired a new position in -1x Short VIX Futures ETF during the 1st quarter worth approximately $1,156,000. Finally, Jump Financial LLC grew its stake in shares of -1x Short VIX Futures ETF by 467.8% during the fourth quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock worth $3,208,000 after purchasing an additional 109,078 shares in the last quarter.

-1x Short VIX Futures ETF Price Performance

Shares of -1x Short VIX Futures ETF stock opened at $23.78 on Wednesday. The business has a 50 day simple moving average of $20.93 and a two-hundred day simple moving average of $20.86. -1x Short VIX Futures ETF has a 12 month low of $14.13 and a 12 month high of $25.05.

-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.