ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Up 1.5% – Time to Buy?

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) rose 1.5% during trading on Wednesday . The company traded as high as $63.12 and last traded at $63.03. 836,626 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 1,960,638 shares. The stock had previously closed at $62.10.

ProShares Short VIX Short-Term Futures ETF Price Performance

The firm has a 50-day moving average price of $58.92 and a 200-day moving average price of $53.79.

Institutional Trading of ProShares Short VIX Short-Term Futures ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new position in ProShares Short VIX Short-Term Futures ETF during the second quarter valued at approximately $33,000. JPMorgan Chase & Co. bought a new stake in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $201,000. HRT Financial LP purchased a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the 4th quarter worth approximately $227,000. Sig Brokerage LP bought a new position in shares of ProShares Short VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $229,000. Finally, Mariner Investment Group LLC bought a new stake in ProShares Short VIX Short-Term Futures ETF in the third quarter worth $637,000.

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.