The VS TR -1x Short VIX Futures ETF (SVIX) saw an uptick today, driven by movements in the Cboe Volatility Index (VIX). The VIX experienced fluctuations within a range of 13.23 to 13.77, reflecting mixed sentiment in the equity markets. Despite the modest decline in major indices like the Dow Jones Industrial Average and the S&P 500, the VIX's relatively stable position suggests a subdued market volatility environment. This stability in the VIX, coupled with above-average options trading volume, indicates a market sentiment that is not overly concerned with imminent volatility spikes, thereby benefiting inverse volatility products like SVIX.
The SVIX ETF closed at $29.84, marking a 0.57% increase from the previous day's close, with a slight additional gain of 0.03% after market hours.