ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 1.2% – Here’s Why

ProShares VIX Short-Term Futures ETF (BATS:VIXYGet Free Report) shares were down 1.2% during mid-day trading on Thursday . The company traded as low as $19.44 and last traded at $19.53. Approximately 2,045,091 shares changed hands during mid-day trading, a decline of 46% from the average daily volume of 3,810,084 shares. The stock had previously closed at $19.77.

ProShares VIX Short-Term Futures ETF Price Performance

The stock’s fifty day simple moving average is $21.86 and its 200-day simple moving average is $26.37.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently made changes to their positions in VIXY. Quadrature Capital Ltd acquired a new stake in shares of ProShares VIX Short-Term Futures ETF during the third quarter worth $3,862,000. UG Investment Advisers Ltd. purchased a new position in ProShares VIX Short-Term Futures ETF during the fourth quarter worth about $2,641,000. SMA Capital LLC acquired a new stake in ProShares VIX Short-Term Futures ETF in the 4th quarter worth about $2,048,000. UBS Group AG boosted its stake in ProShares VIX Short-Term Futures ETF by 224.8% in the 3rd quarter. UBS Group AG now owns 77,478 shares of the company’s stock worth $2,503,000 after buying an additional 53,625 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in ProShares VIX Short-Term Futures ETF by 50.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock valued at $3,770,000 after buying an additional 25,000 shares during the period.

About ProShares VIX Short-Term Futures ETF

(Get Free Report)

The ProShares VIX Short-Term Futures ETF (VIXY) is an exchange-traded fund that is based on the S&P 500 VIX Short-Term Futures index. The fund tracks an index with exposure to futures contracts on the CBOE Volatility Index with average one-month maturity. Exposure resets daily. VIXY was launched on Jan 3, 2011 and is managed by ProShares.

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