ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading Down 2.2% – Here’s Why

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) traded down 2.2% on Wednesday . The company traded as low as $55.16 and last traded at $55.53. 1,862,503 shares traded hands during trading, a decline of 17% from the average session volume of 2,244,489 shares. The stock had previously closed at $56.76.

ProShares Short VIX Short-Term Futures ETF Stock Performance

The business has a 50-day moving average of $52.23 and a 200-day moving average of $52.04.

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

A number of institutional investors have recently made changes to their positions in the stock. Spire Wealth Management purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 4th quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $201,000. HRT Financial LP acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the 4th quarter valued at approximately $227,000. Finally, Sig Brokerage LP acquired a new stake in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $229,000.

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.