ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Up 5.3% – What’s Next?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) rose 5.3% during mid-day trading on Wednesday . The stock traded as high as $51.11 and last traded at $51.60. Approximately 1,367,457 shares were traded during mid-day trading, The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Trading Up 6.4 %

The company’s 50-day moving average price is $51.31 and its two-hundred day moving average price is $51.58.

Hedge Funds Weigh In On ProShares Short VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mariner Investment Group LLC bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter valued at about $9,170,000. IMC Chicago LLC purchased a new position in ProShares Short VIX Short-Term Futures ETF in the third quarter worth about $6,447,000. Selway Asset Management raised its holdings in ProShares Short VIX Short-Term Futures ETF by 34.2% in the third quarter. Selway Asset Management now owns 55,700 shares of the company’s stock worth $2,791,000 after buying an additional 14,200 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $2,123,000. Finally, Horizon Kinetics Asset Management LLC grew its stake in shares of ProShares Short VIX Short-Term Futures ETF by 4.7% in the third quarter. Horizon Kinetics Asset Management LLC now owns 26,617 shares of the company’s stock worth $1,334,000 after acquiring an additional 1,189 shares during the period.

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.