ProShares Short VIX Short-Term Futures ETF (SVXY)
Hagens Berman Sobol Shapiro LLP alerts investors in ProShares Short VIX Short-Term Futures ETF (SVXY) to the firm's investigation into possible securities law violations.
If you purchased or otherwise acquired securities of SVXY before February 7, 2018 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing SVXY@hbsslaw.com.
Between February 2, 2018 and February 6, 2018, the price of SVXY plummeted $109.43, or almost 90%, to close at $12.24 on February 6, 2018.
On February 6, 2018, ProShare Advisors stated “the performance on Monday of the ProShares VIX Short-Term Futures ETF (SVXY) was consistent with its objective and reflected the changes in the level of its underlying index.”
“In addition our focus on investors’ enormous losses, we’re looking at ProShares’s stated investment objectives, strategies, and risks it communicated to the marketplace,” said Hagens Berman partner Reed Kathrein.
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