ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading Up 13% – Time to Buy?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s stock price rose 13% during trading on Monday . The company traded as high as $51.1095 and last traded at $55.38. Approximately 1,367,457 shares were traded during mid-day trading, a decline of 30% from the average daily volume of 1,948,471 shares. The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Stock Performance

The firm has a fifty day simple moving average of $50.73 and a two-hundred day simple moving average of $48.07.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sig Brokerage LP acquired a new position in ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth $229,000. Two Sigma Investments LP purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter valued at about $3,748,000. Mariner Investment Group LLC purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter valued at about $637,000. JPMorgan Chase & Co. acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth about $201,000. Finally, Belpointe Asset Management LLC purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth approximately $327,000.

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.