ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Down 1.1% – Here’s Why

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) fell 1.1% on Wednesday . The stock traded as low as $63.66 and last traded at $63.79. 1,109,812 shares traded hands during mid-day trading, a decline of 41% from the average daily volume of 1,896,505 shares. The stock had previously closed at $64.47.

ProShares Short VIX Short-Term Futures ETF Stock Performance

The business has a 50 day moving average price of $60.64 and a two-hundred day moving average price of $54.93.

Institutional Investors Weigh In On ProShares Short VIX Short-Term Futures ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems grew its holdings in ProShares Short VIX Short-Term Futures ETF by 53.2% in the 1st quarter. Ramsey Quantitative Systems now owns 38,475 shares of the company’s stock worth $1,762,000 after acquiring an additional 13,355 shares during the last quarter. Clare Market Investments LLC purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the first quarter valued at about $572,000. Finally, DV Trading LLC raised its stake in shares of ProShares Short VIX Short-Term Futures ETF by 182.5% during the first quarter. DV Trading LLC now owns 14,380 shares of the company’s stock valued at $659,000 after acquiring an additional 9,289 shares during the last quarter.

About ProShares Short VIX Short-Term Futures ETF

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.