ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Shares Down 3.1% – Here’s Why

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) dropped 3.1% during trading on Monday . The company traded as low as $50.22 and last traded at $47.50. Approximately 1,367,457 shares traded hands during mid-day trading, The stock had previously closed at $49.01.

ProShares Short VIX Short-Term Futures ETF Stock Down 3.1 %

The stock’s 50 day simple moving average is $50.75 and its 200 day simple moving average is $50.57.

Hedge Funds Weigh In On 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. Mariner Investment Group LLC purchased a new position in ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $9,170,000. IMC Chicago LLC lifted its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 31.3% in the 4th quarter. IMC Chicago LLC now owns 168,913 shares of the company’s stock worth $8,456,000 after acquiring an additional 40,249 shares during the last quarter. Simplex Trading LLC lifted its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 79.6% in the 4th quarter. Simplex Trading LLC now owns 45,228 shares of the company’s stock worth $2,264,000 after acquiring an additional 20,039 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 3rd quarter worth approximately $2,123,000. Finally, Two Sigma Securities LLC lifted its holdings in shares of ProShares Short VIX Short-Term Futures ETF by 187.6% in the 4th quarter. Two Sigma Securities LLC now owns 30,834 shares of the company’s stock worth $1,544,000 after acquiring an additional 20,113 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.