ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Cross Below 200 Day Moving Average – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $55.96 and traded as low as $54.17. ProShares Short VIX Short-Term Futures ETF shares last traded at $54.17, with a volume of 7,793,858 shares trading hands.

ProShares Short VIX Short-Term Futures ETF Stock Down 15.4%

The business has a fifty day moving average of $63.15 and a 200-day moving average of $55.96.

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

An institutional investor recently raised its stake in ProShares Short VIX Short-Term Futures ETF stock. DV Trading LLC raised its position in shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) by 182.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,380 shares of the company’s stock after purchasing an additional 9,289 shares during the period. DV Trading LLC owned about 0.22% of ProShares Short VIX Short-Term Futures ETF worth $659,000 as of its most recent filing with the Securities & Exchange Commission.

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.