ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Share Price Pass Below 200-Day Moving Average – Here’s What Happened

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $54.42 and traded as low as $49.40. ProShares Short VIX Short-Term Futures ETF shares last traded at $50.27, with a volume of 2,312,709 shares traded.

ProShares Short VIX Short-Term Futures ETF Trading Up 1.9 %

The stock’s 50-day simple moving average is $49.37 and its 200 day simple moving average is $54.38.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SVXY. Axxcess Wealth Management LLC bought a new position in ProShares Short VIX Short-Term Futures ETF during the first quarter worth $361,000. Flow Traders U.S. LLC boosted its position in shares of ProShares Short VIX Short-Term Futures ETF by 8.0% in the first quarter. Flow Traders U.S. LLC now owns 36,645 shares of the company’s stock valued at $4,131,000 after acquiring an additional 2,722 shares during the period. Jane Street Group LLC boosted its position in shares of ProShares Short VIX Short-Term Futures ETF by 79.2% in the first quarter. Jane Street Group LLC now owns 134,963 shares of the company’s stock valued at $15,216,000 after acquiring an additional 59,632 shares during the period. Headlands Technologies LLC boosted its position in shares of ProShares Short VIX Short-Term Futures ETF by 281.4% in the second quarter. Headlands Technologies LLC now owns 3,875 shares of the company’s stock valued at $238,000 after acquiring an additional 2,859 shares during the period. Finally, Selway Asset Management boosted its position in shares of ProShares Short VIX Short-Term Futures ETF by 34.2% in the third quarter. Selway Asset Management now owns 55,700 shares of the company’s stock valued at $2,791,000 after acquiring an additional 14,200 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.