ProShares Short VIX Short-Term Futures ETF (BATS:SVXY – Get Free Report) was the target of unusually large options trading activity on Thursday. Traders purchased 7,987 call options on the stock. This is an increase of 434% compared to the typical daily volume of 1,496 call options.
ProShares Short VIX Short-Term Futures ETF Price Performance
BATS SVXY traded up $0.37 on Thursday, hitting $55.53. The company had a trading volume of 1,087,881 shares, compared to its average volume of 2,215,489. The company’s fifty day moving average price is $52.77 and its 200-day moving average price is $52.17. ProShares Short VIX Short-Term Futures ETF has a 12-month low of $42.02 and a 12-month high of $57.46.
Hedge Funds Weigh In On ProShares Short VIX Short-Term Futures ETF
A number of institutional investors and hedge funds have recently bought and sold shares of SVXY. Spire Wealth Management purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the fourth quarter valued at approximately $28,000. Headlands Technologies LLC purchased a new stake in ProShares Short VIX Short-Term Futures ETF in the 2nd quarter valued at $33,000. JPMorgan Chase & Co. acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth $201,000. HRT Financial LP acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 4th quarter worth $227,000. Finally, Sig Brokerage LP purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth $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.
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