ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Down 1.1% – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price were down 1.1% during trading on Wednesday. The stock traded as low as $63.66 and last traded at $63.79. Approximately 1,109,812 shares traded hands during 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 company has a fifty day simple moving average of $60.75 and a two-hundred day simple moving average of $55.06.

Hedge Funds Weigh In On ProShares Short VIX Short-Term Futures ETF

Institutional investors have recently modified their holdings of the business. DV Trading LLC boosted its holdings in 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 worth $659,000 after purchasing an additional 9,289 shares during the last quarter. Clare Market Investments LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the 1st quarter valued at $572,000. Finally, Ramsey Quantitative Systems lifted its position in ProShares Short VIX Short-Term Futures ETF by 53.2% during the 1st quarter. Ramsey Quantitative Systems now owns 38,475 shares of the company’s stock worth $1,762,000 after buying an additional 13,355 shares in 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.