Welcome to our dedicated page for VS Trust SEC filings (Ticker: SVIX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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VS Trust (symbol SVIX) offers common units of beneficial interest in two exchange-traded commodity pools, the -1x Short VIX Futures ETF (SVIX) and the 2x Long VIX Futures ETF (UVIX), under a shelf registration covering an indeterminate amount of shares.
SVIX targets the daily inverse performance of the Short VIX Futures Index, and UVIX targets 2x daily performance of the Long VIX Futures Index; both rebalance daily and are designed for single-day exposure, not long-term holding. The funds use VIX futures and other derivatives, are highly volatile, and investors can lose their entire investment within a single day, especially in turbulent markets and due to compounding. Shares trade on CBOE BZX, are created and redeemed only in 10,000‑share Creation Units by Authorized Participants at NAV, and these products are not registered investment companies, so they lack 1940 Act protections. Each fund issues a Schedule K‑1 for tax reporting, and the prospectus highlights significant commodity pool, leverage, liquidity, and counterparty risks.
VS Trust (SVIX), a Delaware statutory trust, is registering continuous offerings of common units of beneficial interest in six separate series: 3x Gold ETF (GLDU), 3x Silver ETF (SLVK), 3x Bitcoin ETF (BITH), 3x Ether ETF (ETHK), 3x Crude Oil ETF (OILY) and 3x Natural Gas ETF (NATX). Each Fund seeks 3x the daily performance of its reference asset via short-term futures and other linked instruments, not physical commodities or spot crypto, and targets its objective for a single day only.
The Shares are listed on the Cboe BZX Exchange and are created and redeemed only in Creation Units of at least 10,000 Shares by Authorized Participants at NAV; other investors trade Shares on the exchange. Initial Creation Units were purchased at $15.00 per Share. The Funds are operated as commodity pools, not registered investment companies under the 1940 Act, and shareholders receive a Schedule K‑1 for tax reporting.
The prospectus stresses that use of 3x leverage, daily rebalancing, futures market effects such as contango/backwardation, margin and position limits, and potential illiquidity may cause large, rapid losses, including the possible loss of the entire investment in a single day, and that longer holding periods and higher volatility typically increase deviation from 3x benchmark performance.
VS Trust, sponsor of the -1x Short VIX Futures ETF (SVIX) and 2x Long VIX Futures ETF (UVIX), reports contrasting performance for the six months ended June 30, 2026. SVIX generated a net increase in net assets from operations of $22.2 million, compared with a loss of $80.7 million in the prior‑year period, while its net assets declined modestly to $200.3 million from $212.0 million as of December 31, 2025.
UVIX recorded a net decrease in net assets from operations of $207.3 million for the same six‑month period, versus a $13.6 million decrease a year earlier, and net assets fell to $295.1 million from $331.3 million. For the six months, total return at NAV was -1.57% for SVIX and -45.86% for UVIX, highlighting the significant volatility and leverage effects of their VIX futures strategies.
VS Trust, through Volatility Shares LLC, announced a 1-for-20 reverse share split for the 2x Long VIX Futures ETF (ticker UVIX). The change takes effect at the market open on July 1, 2026. The fund’s ticker stays the same, but it will receive a new CUSIP number, 92891H705.
The reverse split is designed so the overall value of each shareholder’s investment remains the same. Net asset value per share will be 20 times higher, while the number of shares held will be divided by 20. Any fractional post-split shares will be redeemed for cash, which may create taxable gains or losses for some investors.
VS Trust reports quarterly financial results for its -1x Short VIX Futures ETF (SVIX) and 2x Long VIX Futures ETF (UVIX) for the three months ended March 31, 2026. SVIX’s net assets rose to $334.9 million from $212.0 million at December 31, 2025, even as operations produced a net decrease of $80.3 million, driven by losses on VIX futures.
UVIX’s net assets were $288.9 million, down from $331.3 million, while operations generated a net increase of $217.5 million from realized and unrealized gains on long VIX futures. For the quarter, total return at net asset value was -35.15% for SVIX and 52.15% for UVIX, highlighting the leveraged and inverse exposure to VIX futures. Both funds held substantial cash in money market deposits as collateral for futures positions and continued to be operated as commodity pools under CFTC regulation.
VS Trust reported contrasting Q3 performance for its volatility ETFs. The -1x Short VIX Futures ETF (SVIX) recorded a net increase from operations of $64.9 million, while the 2x Long VIX Futures ETF (UVIX) posted a net decrease from operations of $461.4 million.
At September 30, 2025, net assets were $165.1 million for SVIX and $534.2 million for UVIX. Net asset value per share was $21.39 for SVIX and $9.94 for UVIX. Q3 total return at NAV was 37.38% for SVIX and -55.45% for UVIX, reflecting inverse and leveraged exposure to VIX futures. For the nine months ended September 30, 2025, total return at NAV was -15.75% (SVIX) and -70.70% (UVIX).
Shares outstanding were 7,720,000 for SVIX and 53,757,473 for UVIX as of September 30, 2025, following a 1:10 reverse stock split effective January 15, 2025.