ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Trading 1.6% Higher – Time to Buy?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) shot up 1.6% during trading on Tuesday . The stock traded as high as $53.84 and last traded at $53.60. 1,569,439 shares were traded during trading, a decline of 33% from the average session volume of 2,327,582 shares. The stock had previously closed at $52.77.

ProShares Short VIX Short-Term Futures ETF Stock Performance

The company has a 50 day moving average price of $49.32 and a 200 day moving average price of $51.30.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SVXY. Spire Wealth Management bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 4th quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 2nd quarter worth approximately $33,000. JPMorgan Chase & Co. acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth approximately $201,000. HRT Financial LP acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 4th quarter worth approximately $227,000. Finally, Sig Brokerage LP acquired a new stake in ProShares Short VIX Short-Term Futures ETF during the 3rd quarter worth approximately $229,000.

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.