Firm swoops in to ensure volatility is a trade for another day [CNBC]
ProShares Equities for Rising Rates ETF (EQRR)
US:NASDAQ Investor Relations:
proshares.com/funds/eqrr.html
Company Research
Source: CNBC
The company behind one of the last VIX volatility products is making moves to reduce the volatility of the funds. ProShare Capital Management late Monday night announced it was reducing leverage on the ProShares Short VIX Short-Term Futures ETF ( SVXY ) and the ProShares Ultra VIX Short-Term Futures ETF ( UVXY ), effective at the close of trading Tuesday. This is unprecedented, it's the first time I have seen anyone change the leverage, particularly since it just happened overnight, Pravit Chintawongvanich, head of derivative strategies from Macro Risk Advisors. Buying the SVXY was a bet that volatility would go down. The fund's value has dropped nearly 90 percent this month as volatility exploded. A competitor fund, the VelocityShares Daily Inverse VIX ( XIV ), also was decimated and has since closed. The SVXY was based on a simple concept: It would react in the opposite direction of volatility. So, if volatility (based on a basket of VIX futures) went down 10
Show less
Read more
Impact Snapshot
Event Time:
EQRR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
EQRR alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
EQRR alerts
High impacting ProShares Equities for Rising Rates ETF news events
Weekly update
A roundup of the hottest topics