SVXY Stock Summary and Trading Ideas (ProShares Short Vix Short-Term Futures ETF | ARCA:SVXY)

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 24, 2024, SVXY stock price climbed to $54.84 with 1,557,254 million shares trading.

SVXY has a beta of 1.49, meaning it tends to be more sensitive to market movements. SVXY has a correlation of 0.59 to the broad based SPY ETF.

SVXY has a market cap of $305.38 million. This is considered a Small Cap stock.

In the last 3 years, SVXY stock traded as high as $56.98 and as low as $21.85.

SVXY has outperformed the market in the last year with a price return of +60.8% while the SPY ETF gained +24.2%. However, in the short term, SVXY had mixed performance relative to the market. It has underperformed in the last 3 months, returning +1.1% vs +4.6% return in SPY. But in the last 2 weeks, SVXY shares have fared better than the market returning -0.4% compared to SPY -2.7%.

SVXY support price is $53.35 and resistance is $55.68 (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 stock will trade within this expected range on the day.