ProShares Short VIX Short-Term Futures ETF (BATS:SVXY – Get Free Report) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $63.25 and traded as high as $63.40. ProShares Short VIX Short-Term Futures ETF shares last traded at $63.27, with a volume of 1,394,975 shares changing hands.
ProShares Short VIX Short-Term Futures ETF Stock Down 5.3%
The company has a 50-day simple moving average of $63.29 and a 200 day simple moving average of $55.87.
Institutional Investors Weigh In On ProShares Short VIX Short-Term Futures ETF
Several hedge funds and other institutional investors have recently modified their holdings of SVXY. Clare Market Investments LLC acquired a new position in ProShares Short VIX Short-Term Futures ETF during the 1st quarter valued at $572,000. DV Trading LLC grew its position in ProShares Short VIX Short-Term Futures ETF by 182.5% in the 1st quarter. DV Trading LLC now owns 14,380 shares of the company’s stock worth $659,000 after purchasing an additional 9,289 shares during the last quarter. Finally, Ramsey Quantitative Systems grew its position in ProShares Short VIX Short-Term Futures ETF by 21.3% in the 3rd quarter. Ramsey Quantitative Systems now owns 20,325 shares of the company’s stock worth $1,296,000 after purchasing an additional 3,575 shares during the last quarter.
ProShares Short VIX Short-Term Futures ETF Company Profile
The ProShares Short VIX Short-Term Futures ETF (SVXY) is an exchange-traded fund that is based on the S&P 500 VIX Short-Term Futures index. The fund provides inverse exposure to an index comprising first- and second-month VIX future positions resulting in a weighted average maturity of one month. SVXY was launched on Oct 3, 2011 and is managed by ProShares.
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