ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Falls 1.8% – Here’s What Happened

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) traded down 1.8% during trading on Thursday. The company traded as low as $12.91 and last traded at $12.91. Approximately 113,911 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 381,709 shares. The stock had previously closed at $13.14.

ProShares VIX Mid-Term Futures ETF Trading Up 2.6%

The firm has a 50-day simple moving average of $13.15 and a two-hundred day simple moving average of $14.84.

Hedge Funds Weigh In On ProShares VIX Mid-Term Futures ETF

A hedge fund recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned 10.27% of ProShares VIX Mid-Term Futures ETF as of its most recent filing with the Securities and Exchange Commission.

About ProShares VIX Mid-Term Futures ETF

The ProShares VIX Mid-Term Futures ETF (VIXM) is an exchange-traded fund that is based on the S&P 500 VIX Mid-Term Futures index. The fund tracks an index of futures contracts on the CBOE Volatility Index with an average of five months until maturity. Exposure resets daily. VIXM was launched on Jan 4, 2011 and is managed by ProShares.