Spire Wealth Management Acquires Shares of 2,701 ProShares Short VIX Short-Term Futures ETF $SVXY

Spire Wealth Management acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,701 shares of the company’s stock, valued at approximately $115,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the 2nd quarter valued at approximately $2,094,000. Chicago Wealth Management Inc. purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the 1st quarter valued at approximately $322,000. Finally, Commerce Bank purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the 1st quarter valued at approximately $202,000.

ProShares Short VIX Short-Term Futures ETF Price Performance

Shares of SVXY stock opened at $49.74 on Thursday. The stock has a 50 day simple moving average of $49.82 and a 200-day simple moving average of $44.98. ProShares Short VIX Short-Term Futures ETF has a 12-month low of $32.05 and a 12-month high of $60.71.

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.