---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-078749"
form_type: "8-K"
ticker: "SVIX"
cik: "0001793497"
company_name: "VS Trust"
filed_at: "2024-09-16T23:59:59+00:00"
generated_at: "2026-05-31T04:39:54.015167+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Volatility Shares terminates Penserra as sub-adviser for UVIX and SVIX ETFs

## Summary
- Effective Sept 16, 2024, sponsor Volatility Shares LLC will provide day-to-day portfolio management directly.
- Penserra Capital Management LLC terminated as commodity sub-adviser for both funds.
- Affected ETFs: 2x Long VIX Futures ETF (UVIX) and -1x Short VIX Futures ETF (SVIX).

## SEC filing metadata
- accession: 0001213900-24-078749
- form_type: 8-K
- ticker: SVIX
- cik: 0001793497
- company_name: VS Trust
- filed_at: 2024-09-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1793497/000121390024078749/0001213900-24-078749-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1793497/000121390024078749/ea0214432-8k_vstrust.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-078749
- JSON: https://secwatch.observer/filing/0001213900-24-078749.json
- Plain text: https://secwatch.observer/filing/0001213900-24-078749.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.