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From panic to calm: VIX drop reflects rapid shift in market sentiment
Seeking Alpha News (Tue, 14-Apr 11:00 AM ET)
ProShares Short VIX Short-Term Futures ETF seeks, on a daily basis, to provide investment results (before fees and expenses) that correspond to the inverse (-1x) of the performance of the S&P 500 VIX Short-Term Futures Index. This Short ProShares ETF seeks a return that is -1x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next.
ProShares Short Vix Short-Term Futures ETF trades on the ARCA stock market under the symbol SVXY.
As of April 15, 2026, SVXY stock price declined to $50.11 with 1,166,601 million shares trading.
SVXY has a beta of 1.26, meaning it tends to be more sensitive to market movements. SVXY has a correlation of 0.42 to the broad based SPY ETF.
SVXY has a market cap of $208.89 million. This is considered a Small Cap stock.
In the last 3 years, SVXY traded as high as $64.22 and as low as $32.05.
SVXY has outperformed the market in the last year with a price return of +37.1% while the SPY ETF gained +31.2%. However, in the short term, SVXY had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.6% vs +1.6% return in SPY. But in the last 2 weeks, SVXY shares have fared better than the market returning +9.4% compared to SPY +7.6%.
SVXY support price is $48.92 and resistance is $51.60 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SVXY shares will trade within this expected range on the day.