-1x Short VIX Futures ETF (SVIX)
-1x Short VIX Futures ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in Palm Beach Gardens, FL, US. The stock last traded at $26.37, up 2.93% on the session, giving a market capitalisation of $222.2M. Its beta of 2.95 implies it has historically moved more than the broad market.
This index tracks the inverse daily returns generated by a basket of VIX futures, comprising those set to expire in the nearest two months. To ensure a steady time to expiration for these underlying contracts, this hypothetical portfolio undergoes a daily rebalancing process. Its valuation is finalized each day at 4:00 p.m. Eastern Time, with the closing price derived from the average futures prices observed during the final fifteen minutes of trading, between 3:45 p.m. and 4:00 p.m. Eastern Time.
-1x Short VIX Futures ETF is most often compared with the following Financial Services names: