ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Down 1% – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price dropped 1% during trading on Tuesday . The stock traded as low as $48.48 and last traded at $50.21. Approximately 1,300,638 shares changed hands during trading, The stock had previously closed at $50.73.

ProShares Short VIX Short-Term Futures ETF Stock Down 0.3 %

The business has a 50 day moving average price of $50.98 and a two-hundred day moving average price of $52.86.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVXY. Headlands Technologies LLC grew its position in shares of ProShares Short VIX Short-Term Futures ETF by 281.4% during the 2nd quarter. Headlands Technologies LLC now owns 3,875 shares of the company’s stock valued at $238,000 after purchasing an additional 2,859 shares in the last quarter. Commerce Bank bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter valued at about $239,000. DRW Securities LLC purchased a new position in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $256,000. Horizon Kinetics Asset Management LLC lifted its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 4.7% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 26,617 shares of the company’s stock worth $1,334,000 after acquiring an additional 1,189 shares during the last quarter. Finally, Flow Traders U.S. LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF in the third quarter worth $2,123,000.

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.