ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Up 13% – Here’s What Happened

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price rose 13% during mid-day trading on Monday . The company traded as high as $51.1095 and last traded at $55.38. Approximately 1,367,457 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 1,948,471 shares. The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Price Performance

The stock’s 50-day simple moving average is $50.73 and its 200 day simple moving average is $48.07.

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

Several large investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the 2nd quarter worth about $2,094,000. Spire Wealth Management purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 2nd quarter valued at about $115,000. Simplex Trading LLC acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the 2nd quarter worth about $696,000. Legacy Wealth Managment LLC ID purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the second quarter worth approximately $376,000. Finally, QVR LLC purchased a new stake in ProShares Short VIX Short-Term Futures ETF during the second quarter worth approximately $1,163,000.

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.