ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading 5.3% Higher – Time to Buy?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) shot up 5.3% on Wednesday . The stock traded as high as $51.11 and last traded at $51.60. 1,367,457 shares were traded during trading, The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Stock Up 5.3 %

The stock has a 50 day simple moving average of $51.30 and a 200-day simple moving average of $51.65.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $2,123,000. Horizon Kinetics Asset Management LLC raised its stake in shares of 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 valued at $1,334,000 after acquiring an additional 1,189 shares in the last quarter. DRW Securities LLC purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth $256,000. Commerce Bank purchased a new stake in ProShares Short VIX Short-Term Futures ETF in the third quarter worth about $239,000. Finally, Mariner Investment Group LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter valued at 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.