ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Down 1% – Here’s What Happened

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price were down 1% during mid-day trading on Tuesday . The stock traded as low as $48.48 and last traded at $50.21. Approximately 1,300,638 shares changed hands during trading, The stock had previously closed at $50.73.

ProShares Short VIX Short-Term Futures ETF Price Performance

The stock’s 50-day moving average price is $51.02 and its 200-day moving average price is $52.84.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Flow Traders U.S. LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth about $2,123,000. Horizon Kinetics Asset Management LLC grew its stake in ProShares Short VIX Short-Term Futures ETF by 4.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 26,617 shares of the company’s stock worth $1,334,000 after purchasing an additional 1,189 shares during the period. DRW Securities LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $256,000. Commerce Bank bought a new stake in ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $239,000. Finally, Mariner Investment Group LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth approximately $9,170,000.

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.