ProShares Short VIX Short-Term Futures ETF Sees Unusually Large Options Volume (BATS:SVXY)

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) was the recipient of unusually large options trading on Monday. Traders acquired 3,586 put options on the stock. This is an increase of 146% compared to the typical volume of 1,457 put options.

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

Several institutional investors have recently added to or reduced their stakes in SVXY. Ramsey Quantitative Systems increased its stake in shares of 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 valued at $1,762,000 after acquiring an additional 13,355 shares in the last quarter. Clare Market Investments LLC acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 1st quarter valued at $572,000. Finally, DV Trading LLC lifted its position in shares of 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 acquiring an additional 9,289 shares during the period.

ProShares Short VIX Short-Term Futures ETF Stock Up 2.4%

Shares of BATS:SVXY traded up $1.51 during midday trading on Monday, reaching $63.57. The company’s stock had a trading volume of 991,470 shares, compared to its average volume of 1,890,394. The firm has a 50 day moving average price of $62.91 and a two-hundred day moving average price of $57.03. ProShares Short VIX Short-Term Futures ETF has a fifty-two week low of $43.29 and a fifty-two week high of $65.78.

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.