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

-1x Short VIX Futures ETF (BATS:SVIX) saw a significant decline in short interest in the month of 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. Based on an average trading volume of 3,276,821 shares, the days-to-cover ratio is currently 0.6 days. Approximately 10.5% of the shares of the company are short sold.

-1x Short VIX Futures ETF Stock Down 0.7%

BATS:SVIX opened at $23.61 on Thursday. The company has a 50 day moving average price of $21.03 and a 200-day moving average price of $20.87. -1x Short VIX Futures ETF has a 1-year low of $14.13 and a 1-year high of $25.05.

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

Hedge funds have recently modified their holdings of the company. Jump Financial LLC increased its stake in shares of -1x Short VIX Futures ETF by 467.8% in the 4th quarter. Jump Financial LLC now owns 132,393 shares of the company’s stock valued at $3,208,000 after purchasing an additional 109,078 shares in the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of -1x Short VIX Futures ETF in the first quarter valued at approximately $1,156,000. Finally, JPMorgan Chase & Co. increased its position in shares of -1x Short VIX Futures ETF by 38.9% in the third quarter. JPMorgan Chase & Co. now owns 24,421 shares of the company’s stock valued at $522,000 after buying an additional 6,838 shares in the last quarter.

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.