ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Share Price Cross Above Fifty Day Moving Average – Here’s Why

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) 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 Performance

The stock has a 50-day simple moving average of $63.25 and a 200-day simple moving average of $55.81.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Clare Market Investments LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the first quarter worth about $572,000. DV Trading LLC increased its stake in ProShares Short VIX Short-Term Futures ETF by 182.5% during the 1st quarter. DV Trading LLC now owns 14,380 shares of the company’s stock valued at $659,000 after buying an additional 9,289 shares during the period. Finally, Ramsey Quantitative Systems raised its position in shares of ProShares Short VIX Short-Term Futures ETF by 21.3% during the 3rd quarter. Ramsey Quantitative Systems now owns 20,325 shares of the company’s stock worth $1,296,000 after buying an additional 3,575 shares in 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.