ProShares Short VIX Short-Term Futures ETF Sees Unusually Large Options Volume (BATS:SVXY)

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) was the recipient of some unusual options trading activity on Monday. Traders acquired 3,586 put options on the stock. This is an increase of 146% compared to the average daily volume of 1,457 put options.

ProShares Short VIX Short-Term Futures ETF Price Performance

Shares of BATS SVXY traded up $1.51 during trading on Monday, hitting $63.57. 991,470 shares of the company traded hands, compared to its average volume of 1,890,394. The business’s fifty day moving average is $62.91 and its 200 day moving average is $57.03. ProShares Short VIX Short-Term Futures ETF has a fifty-two week low of $43.29 and a fifty-two week high of $65.78.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clare Market Investments LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF in the 1st quarter valued at about $572,000. DV Trading LLC grew its stake in ProShares Short VIX Short-Term Futures ETF by 182.5% in the first quarter. DV Trading LLC now owns 14,380 shares of the company’s stock valued at $659,000 after acquiring an additional 9,289 shares during the period. Finally, Ramsey Quantitative Systems grew its stake in ProShares Short VIX Short-Term Futures ETF by 53.2% in the first quarter. Ramsey Quantitative Systems now owns 38,475 shares of the company’s stock valued at $1,762,000 after acquiring an additional 13,355 shares during the period.

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.