The VS TR -1x Short VIX Futures ETF (SVIX) rose by 0.84% at market close on Thursday, November 21st, as volatility in the markets decreased, leading to a decline in the VIX index. The VIX, often referred to as the "fear gauge," measures market expectations of near-term volatility conveyed by S&P 500 stock index option prices. A decrease in the VIX typically indicates a more stable market environment, which benefits inverse volatility products like SVIX. With no significant economic data releases or geopolitical events causing market jitters, investor sentiment remained relatively calm, contributing to the downward pressure on the VIX.