ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Down 1.6% – Time to Sell?

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) traded down 1.6% during trading on Wednesday. The stock traded as low as $63.95 and last traded at $64.41. Approximately 2,625,588 shares traded hands during trading, an increase of 43% from the average session volume of 1,837,897 shares. The stock had previously closed at $65.45.

ProShares Short VIX Short-Term Futures ETF Price Performance

The company has a 50-day moving average of $62.76 and a 200 day moving average of $56.75.

Hedge Funds Weigh In On ProShares Short VIX Short-Term Futures ETF

A number of institutional investors have recently modified their holdings of SVXY. Ramsey Quantitative Systems increased its position in ProShares Short VIX Short-Term Futures ETF by 53.2% during the 1st quarter. Ramsey Quantitative Systems now owns 38,475 shares of the company’s stock valued at $1,762,000 after purchasing an additional 13,355 shares during the period. DV Trading LLC grew its holdings in ProShares Short VIX Short-Term Futures ETF by 182.5% in the first quarter. DV Trading LLC now owns 14,380 shares of the company’s stock worth $659,000 after purchasing an additional 9,289 shares during the last quarter. Finally, Clare Market Investments LLC acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF during the first quarter worth $572,000.

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.