ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Down 2.2% – Here’s What Happened

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) dropped 2.2% on Wednesday . The stock traded as low as $55.16 and last traded at $55.53. Approximately 1,862,503 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 2,244,489 shares. The stock had previously closed at $56.76.

ProShares Short VIX Short-Term Futures ETF Stock Down 2.2%

The company has a 50 day simple moving average of $52.03 and a two-hundred day simple moving average of $51.99.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management bought a new position in ProShares Short VIX Short-Term Futures ETF in the 4th quarter worth approximately $28,000. Headlands Technologies LLC bought a new position in ProShares Short VIX Short-Term Futures ETF in the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. bought a new position in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $201,000. HRT Financial LP bought a new position in ProShares Short VIX Short-Term Futures ETF in the 4th quarter worth approximately $227,000. Finally, Sig Brokerage LP bought a new position in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $229,000.

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.