ProShares Short VIX Short-Term Futures ETF Target of Unusually High Options Trading (BATS:SVXY)

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) was the target of unusually large options trading on Thursday. Stock traders acquired 7,987 call options on the stock. This represents an increase of 434% compared to the average daily volume of 1,496 call options.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jump Financial LLC purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF during the second quarter valued at $1,116,000. Boothbay Fund Management LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the second quarter valued at approximately $1,154,000. Group One Trading LLC bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the second quarter valued at approximately $698,000. Headlands Technologies LLC purchased a new position in ProShares Short VIX Short-Term Futures ETF during the second quarter valued at approximately $33,000. Finally, JPMorgan Chase & Co. bought a new position in ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $201,000.

ProShares Short VIX Short-Term Futures ETF Stock Performance

BATS SVXY opened at $55.53 on Friday. The company’s 50-day moving average price is $52.99 and its 200-day moving average price is $52.22. ProShares Short VIX Short-Term Futures ETF has a 12 month low of $42.02 and a 12 month high of $57.46.

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.