-1x Short VIX Futures ETF (BATS:SVIX) Stock Price Down 11.1% – Time to Sell?

-1x Short VIX Futures ETF (BATS:SVIX)’s stock price fell 11.1% during mid-day trading on Wednesday . The stock traded as low as $25.32 and last traded at $21.47. 3,553,759 shares were traded 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 11.1 %

The company has a fifty day moving average price of $24.42 and a two-hundred day moving average price of $25.89.

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 increased its position in -1x Short VIX Futures ETF (BATS:SVIX) by 130.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,950 shares of the company’s stock after buying an additional 33,335 shares during the quarter. 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.

-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.