Stock Traders Buy Large Volume of Call Options on -1x Short VIX Futures ETF (BATS:SVIX)

-1x Short VIX Futures ETF (BATS:SVIX) saw unusually large options trading on Wednesday. Traders acquired 10,535 call options on the company. This represents an increase of approximately 65% compared to the average daily volume of 6,366 call options.

-1x Short VIX Futures ETF Stock Performance

-1x Short VIX Futures ETF stock traded up $0.40 during trading hours on Wednesday, hitting $24.15. 2,863,018 shares of the stock traded hands. The firm’s 50-day moving average price is $27.35 and its 200 day moving average price is $30.37.

Institutional Inflows and Outflows

An institutional investor recently raised its position in -1x Short VIX Futures ETF stock. Selway Asset Management grew its holdings in -1x Short VIX Futures ETF (BATS:SVIX) by 89.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 72,400 shares of the company’s stock after purchasing an additional 34,100 shares during the period. Selway Asset Management owned approximately 1.87% of -1x Short VIX Futures ETF worth $1,960,000 as of its most recent filing with the Securities & Exchange Commission.

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.