ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) Stock Pass Below 200 Day Moving Average – What’s Next?

Shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) passed 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 changing hands.

ProShares Short VIX Short-Term Futures ETF Stock Up 0.5 %

The stock has a fifty day moving average price of $49.35 and a 200-day moving average price of $54.42.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SVXY. Flow Traders U.S. LLC bought a new stake in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth about $2,123,000. Horizon Kinetics Asset Management LLC grew its stake 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. DRW Securities LLC acquired a new stake in shares of ProShares Short VIX Short-Term Futures ETF during the third quarter worth approximately $256,000. Commerce Bank bought a new position in shares of ProShares Short VIX Short-Term Futures ETF in the third quarter valued at approximately $239,000. Finally, Mariner Investment Group LLC acquired a new position in shares of ProShares Short VIX Short-Term Futures ETF in the 3rd quarter worth approximately $9,170,000.

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.