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

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) was the target of some unusual options trading on Friday. Traders acquired 10,881 put options on the stock. This is an increase of 70% compared to the average volume of 6,401 put options.

ProShares Short VIX Short-Term Futures ETF Trading Down 4.2 %

Shares of SVXY opened at $52.78 on Friday. The stock has a 50 day moving average of $54.51 and a 200 day moving average of $49.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gemsstock Ltd. purchased a new position in shares of ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $50,822,000. Jane Street Group LLC grew its position in ProShares Short VIX Short-Term Futures ETF by 1,781.0% during the fourth quarter. Jane Street Group LLC now owns 525,592 shares of the company’s stock valued at $30,842,000 after buying an additional 497,650 shares during the period. Bank of America Corp DE grew its position in ProShares Short VIX Short-Term Futures ETF by 6,368.0% during the first quarter. Bank of America Corp DE now owns 173,795 shares of the company’s stock valued at $11,079,000 after buying an additional 171,108 shares during the period. Group One Trading L.P. grew its position in ProShares Short VIX Short-Term Futures ETF by 1,154.5% during the third quarter. Group One Trading L.P. now owns 87,260 shares of the company’s stock valued at $7,534,000 after buying an additional 80,304 shares during the period. Finally, Two Sigma Investments LP bought a new stake in ProShares Short VIX Short-Term Futures ETF during the first quarter valued at approximately $4,575,000.

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.