SAN FRANCISCO, Feb. 15, 2018 /PRNewswire/ -- Hagens Berman Sobol Shapiro LLP alerts investors in ProShares Short VIX Short-Term Futures ETF (SVXY) of 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 visit:
or contact Reed Kathrein, who is leading the firm's investigation, by calling 510-725-3000 or emailing
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.
Whistleblowers: Persons with non-public information regarding SVXY should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email SVXY@hbsslaw.com.
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with 70+ attorneys in 11 offices across the country. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Reed Kathrein, 510-725-3000
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SOURCE Hagens Berman Sobol Shapiro LLP