ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Price Up 5.3% – Should You Buy?

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

ProShares Short VIX Short-Term Futures ETF Price Performance

The firm has a 50 day moving average of $51.30 and a two-hundred day moving average of $51.65.

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

Hedge funds have recently bought and sold shares of the company. Commerce Bank bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the third quarter worth approximately $239,000. DRW Securities LLC bought a new position in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth $256,000. Horizon Kinetics Asset Management LLC raised 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 buying an additional 1,189 shares during the period. Flow Traders U.S. LLC purchased a new position in ProShares Short VIX Short-Term Futures ETF during the third quarter valued at approximately $2,123,000. Finally, Selway Asset Management lifted its stake in shares of ProShares Short VIX Short-Term Futures ETF by 34.2% during the 3rd quarter. Selway Asset Management now owns 55,700 shares of the company’s stock valued at $2,791,000 after buying an additional 14,200 shares in the last quarter.

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.