ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Up 1.5% – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s stock price traded up 1.5% during trading on Wednesday . The company traded as high as $63.12 and last traded at $63.03. 836,626 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 1,960,638 shares. The stock had previously closed at $62.10.

ProShares Short VIX Short-Term Futures ETF Stock Performance

The business has a 50-day simple moving average of $58.92 and a 200-day simple moving average of $53.79.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF during the 2nd quarter valued at $1,116,000. Boothbay Fund Management LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the second quarter valued at approximately $1,154,000. Group One Trading LLC purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the 2nd quarter valued at $698,000. Headlands Technologies LLC acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 2nd quarter worth $33,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth $201,000.

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.