Wed, Aug 14, 8:13 PM (153 days ago)
For the quarter ending June 30, 2024, VS Trust reported significant financial activity across its two ETFs: the -1x Short VIX Futures ETF (SVIX) and the 2x Long VIX Futures ETF (UVIX). SVIX experienced a net increase in net assets of $35.8 million, driven by substantial realized gains from futures contracts, totaling approximately $39.2 million. Conversely, UVIX faced a net decrease of $25.9 million, primarily due to significant unrealized losses on futures contracts. Total assets for SVIX rose to approximately $188.9 million, while UVIX reached about $82.4 million. Cash flow from operating activities reflected a net outflow for both funds, with SVIX at approximately $61.7 million and UVIX at $33.7 million. Interest income surged for SVIX, reaching $744.6 thousand compared to $74.8 thousand in the prior year, indicating improved cash management. The Trust's operating expenses remained elevated, with management fees impacting profit margins. The funds’ leverage and volatility strategies continue to pose risks, particularly in fluctuating market conditions. Future operations may be influenced by ongoing market volatility and regulatory changes affecting derivatives trading.