-1x Short VIX Futures ETF Sees Unusually Large Options Volume (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) was the target of some unusual options trading activity on Wednesday. Traders bought 10,468 call options on the stock. This represents an increase of 70% compared to the typical daily volume of 6,146 call options.

-1x Short VIX Futures ETF Price Performance

-1x Short VIX Futures ETF stock traded up $1.58 during mid-day trading on Wednesday, hitting $25.73. 3,553,759 shares of the company’s stock were exchanged. The business has a fifty day moving average price of $25.86 and a 200 day moving average price of $26.93.

Institutional Trading of -1x Short VIX Futures ETF

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Flow Traders U.S. LLC grew its position in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 58,950 shares of the company’s stock after purchasing an additional 33,335 shares during the period. Flow Traders U.S. LLC owned about 1.52% of -1x Short VIX Futures ETF worth $1,596,000 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.