ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading Down 2.2% – Should You Sell?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) shares fell 2.2% on Monday . The company traded as low as $51.70 and last traded at $51.77. 2,455,751 shares changed hands during trading, an increase of 6% from the average session volume of 2,320,830 shares. The stock had previously closed at $52.95.

ProShares Short VIX Short-Term Futures ETF Price Performance

The business has a 50-day simple moving average of $54.40 and a 200-day simple moving average of $51.21.

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

A number of hedge funds have recently bought and sold shares of the stock. Two Sigma Investments LP purchased a new position in ProShares Short VIX Short-Term Futures ETF in the third quarter valued at approximately $3,748,000. Headlands Technologies LLC acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 4th quarter valued at $2,462,000. Flow Traders U.S. LLC boosted its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 108.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 57,497 shares of the company’s stock valued at $2,449,000 after buying an additional 29,872 shares in the last quarter. QVR LLC purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 2nd quarter valued at $1,163,000. Finally, Boothbay Fund Management LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 2nd quarter worth $1,154,000.

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.