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

ProShares Short VIX Short-Term Futures ETF (BATS:SVXY)’s share price passed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $55.96 and traded as low as $54.17. ProShares Short VIX Short-Term Futures ETF shares last traded at $54.17, with a volume of 7,793,858 shares changing hands.

ProShares Short VIX Short-Term Futures ETF Price Performance

The business has a 50 day simple moving average of $63.15 and a two-hundred day simple moving average of $55.96.

Institutional Inflows and Outflows

An institutional investor recently raised its position in ProShares Short VIX Short-Term Futures ETF stock. Ramsey Quantitative Systems boosted its stake in shares of ProShares Short VIX Short-Term Futures ETF (BATS:SVXY) by 21.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,325 shares of the company’s stock after buying an additional 3,575 shares during the quarter. ProShares Short VIX Short-Term Futures ETF makes up 1.2% of Ramsey Quantitative Systems’ portfolio, making the stock its 3rd largest position. Ramsey Quantitative Systems owned 0.31% of ProShares Short VIX Short-Term Futures ETF worth $1,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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.