The VS TR -1x Short VIX Futures ETF (SVIX) experienced downward pressure as implied volatility in the U.S. equity markets continued to decline. Following the U.S. elections, investor sentiment has been buoyed by expectations of a pro-growth policy environment, leading to a strong performance in equity markets. The S&P 500 Index reached record highs, and the Russell 2000 Index saw significant gains, rising nearly 11% in November. This bullish sentiment has contributed to a sharp decline in the VIX Index, which fell nearly 34% in the first week of November, finishing the month near 13.50. The decrease in volatility has been a key factor affecting the performance of volatility-related ETFs like SVIX.
The SVIX ETF closed at $29.48, marking a 0.57% decline for the day, with an additional 0.1% drop after market hours as of 4:39 PM ET on Thursday, December 5th.