ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Up 5.3% – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) were up 5.3% during mid-day trading on Wednesday . The stock traded as high as $51.11 and last traded at $51.60. Approximately 1,367,457 shares were traded during trading, The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Trading Up 6.4 %

The firm’s 50-day moving average is $51.31 and its 200-day moving average is $51.58.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Several large investors have recently added to or reduced their stakes in SVXY. Selway Asset Management increased its stake in shares of ProShares Short VIX Short-Term Futures ETF by 34.2% in the third quarter. Selway Asset Management now owns 55,700 shares of the company’s stock worth $2,791,000 after purchasing an additional 14,200 shares in the last quarter. IMC Chicago LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth $6,447,000. Mariner Investment Group LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth $9,170,000. Commerce Bank bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth $239,000. Finally, DRW Securities LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth $256,000.

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.