ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Up 12% – Time to Buy?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s stock price traded up 12% during trading on Wednesday . The company traded as high as $51.1095 and last traded at $54.8670. 1,367,457 shares traded hands during trading, a decline of 30% from the average session 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 moving average is $52.65 and its two-hundred day moving average is $49.67.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SVXY. QVR LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 2nd quarter valued at about $1,163,000. Flow Traders U.S. LLC raised its stake in ProShares Short VIX Short-Term Futures ETF by 108.1% in the second quarter. Flow Traders U.S. LLC now owns 57,497 shares of the company’s stock valued at $2,449,000 after buying an additional 29,872 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF in the 2nd quarter valued at $2,094,000. 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. Finally, Spire Wealth Management acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the second quarter worth approximately $115,000.

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.