-1x Short VIX Futures ETF (BATS:SVIX) Reaches New 1-Year High – Here’s Why

-1x Short VIX Futures ETF (BATS:SVIX) shares reached a new 52-week high during mid-day trading on Tuesday . The company 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 Down 1.7%

The firm’s fifty day moving average price is $26.34 and its 200 day moving average price is $22.23.

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

An institutional investor recently bought a new stake in -1x Short VIX Futures ETF stock. Ramsey Quantitative Systems acquired a new stake in -1x Short VIX Futures ETF (BATS:SVIX) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 73,600 shares of the company’s stock, valued at approximately $1,156,000. -1x Short VIX Futures ETF accounts for about 1.2% of Ramsey Quantitative Systems’ holdings, making the stock its 5th biggest position. Ramsey Quantitative Systems owned 0.43% of -1x Short VIX Futures ETF as of its most recent SEC filing.

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.