ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading Down 4.4% – Here’s Why

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price traded down 4.4% on Monday . The stock traded as low as $46.01 and last traded at $46.21. 1,521,065 shares were traded during mid-day trading, The stock had previously closed at $48.36.

ProShares Short VIX Short-Term Futures ETF Price Performance

The company’s fifty day moving average is $50.25 and its two-hundred day moving average is $55.63.

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

A number of institutional investors have recently modified their holdings of SVXY. Headlands Technologies LLC grew its holdings 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 purchasing an additional 2,859 shares in the last quarter. Axxcess Wealth Management LLC acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF in the first quarter worth $361,000. Selway Asset Management grew its stake in shares of ProShares Short VIX Short-Term Futures ETF by 3.2% in the first quarter. Selway Asset Management now owns 15,887 shares of the company’s stock worth $1,791,000 after acquiring an additional 500 shares in the last quarter. Flow Traders U.S. LLC increased its position in shares of ProShares Short VIX Short-Term Futures ETF by 8.0% during the first quarter. Flow Traders U.S. LLC now owns 36,645 shares of the company’s stock worth $4,131,000 after acquiring an additional 2,722 shares during the period. Finally, BNP Paribas Financial Markets raised its stake in shares of ProShares Short VIX Short-Term Futures ETF by 710.9% in the first quarter. BNP Paribas Financial Markets now owns 54,283 shares of the company’s stock valued at $6,120,000 after acquiring an additional 47,589 shares in the last quarter.

About ProShares Short VIX Short-Term Futures ETF

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.