ProShares Short VIX Short-Term Futures ETF Stock Scheduled to Split on Thursday, April 11th (BATS:SVXY)

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) are set to split before the market opens on Thursday, April 11th. The 2-1 split was announced on Thursday, April 11th. The newly minted shares will be distributed to shareholders after the closing bell on Thursday, April 11th.

ProShares Short VIX Short-Term Futures ETF Price Performance

SVXY opened at $109.71 on Tuesday. The business’s 50-day simple moving average is $108.87 and its 200 day simple moving average is $99.42.

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

Hedge funds have recently bought and sold shares of the business. Gemsstock Ltd. bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $50,822,000. Jane Street Group LLC increased its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 1,781.0% in the 4th quarter. Jane Street Group LLC now owns 525,592 shares of the company’s stock worth $30,842,000 after acquiring an additional 497,650 shares during the period. Bank of America Corp DE increased its stake in shares of ProShares Short VIX Short-Term Futures ETF by 6,368.0% in the first quarter. Bank of America Corp DE now owns 173,795 shares of the company’s stock valued at $11,079,000 after purchasing an additional 171,108 shares during the period. Group One Trading L.P. grew its stake in shares of ProShares Short VIX Short-Term Futures ETF by 1,154.5% in the third quarter. Group One Trading L.P. now owns 87,260 shares of the company’s stock worth $7,534,000 after purchasing an additional 80,304 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 1st quarter worth approximately $4,575,000.

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.