ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Share Price Pass Below 200-Day Moving Average – Here’s What Happened

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $54.42 and traded as low as $49.40. ProShares Short VIX Short-Term Futures ETF shares last traded at $50.27, with a volume of 2,312,709 shares traded.

ProShares Short VIX Short-Term Futures ETF Trading Up 1.9 %

The business’s 50-day moving average is $49.37 and its 200-day moving average is $54.38.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Axxcess Wealth Management LLC acquired a new position in ProShares Short VIX Short-Term Futures ETF during the first quarter worth $361,000. Headlands Technologies LLC increased its holdings in ProShares Short VIX Short-Term Futures ETF by 281.4% during the second quarter. Headlands Technologies LLC now owns 3,875 shares of the company’s stock worth $238,000 after buying an additional 2,859 shares during the last quarter. Commerce Bank acquired a new position in ProShares Short VIX Short-Term Futures ETF during the third quarter worth $239,000. DRW Securities LLC acquired a new position in ProShares Short VIX Short-Term Futures ETF during the third quarter worth $256,000. Finally, Horizon Kinetics Asset Management LLC increased its holdings in ProShares Short VIX Short-Term Futures ETF by 4.7% during the third quarter. Horizon Kinetics Asset Management LLC now owns 26,617 shares of the company’s stock worth $1,334,000 after buying an additional 1,189 shares during the last quarter.

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.