Is Buying Proshares Short Vix Short Term Futures Etf (NYSEARCA:SVXY), Having Higher Short Interest a Winning Strategy?

April 17, 2018 - By Adrian Mccoy

The stock of Proshares Short Vix Short Term Futures Etf (NYSEARCA:SVXY) registered an increase of 2.2% in short interest. SVXY’s total short interest was 13.86M shares in April as published by FINRA. Its up 2.2% from 13.56 million shares, reported previously. With 19.20M shares average volume, it will take short sellers 1 days to cover their SVXY’s short positions.

The stock increased 2.02% or $0.245 during the last trading session, reaching $12.405. About 5.26M shares traded. ProShares Short VIX Short-Term Futures (NYSEARCA:SVXY) has declined 83.29% since April 17, 2017 and is downtrending. It has underperformed by 94.84% the S&P500.

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