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 December 4, 2024, SVXY stock price declined to $53.46 with 317,638 million shares trading.

SVXY has a beta of 2.15, meaning it tends to be more sensitive to market movements. SVXY has a correlation of 0.66 to the broad based SPY ETF.

SVXY has a market cap of $303.04 million. This is considered a Small Cap stock.

In the last 3 years, SVXY traded as high as $64.22 and as low as $22.53.

SVXY has underperformed the market in the last year with a return of +8.8%, while SPY returned +33.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SVXY shares. However, SVXY has outperformed the market in the last 3 month and 2 week periods, returning +10.6% and +5.0%, while SPY returned +10.0% and +2.6%, respectively. This indicates SVXY has been having a stronger performance recently.

SVXY support price is $52.50 and resistance is $54.56 (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.