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 11, 2024, SVXY stock price climbed to $53.49 with 293,734 million shares trading.

SVXY has a beta of 2.16, 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 $292.52 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 +7.4%, while the SPY ETF gained +33.6%. In the last 3 month period, SVXY fell short of the market, returning +8.8%, while SPY returned +11.1%. However, in the most recent 2 weeks SVXY has outperformed the stock market by returning +1.9%, while SPY returned +1.2%.

SVXY support price is $52.41 and resistance is $54.11 (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.