ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Cross Above 50-Day Moving Average – Should You Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY) crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.16 and traded as high as $21.41. ProShares VIX Short-Term Futures ETF shares last traded at $21.22, with a volume of 19,374,024 shares traded.

ProShares VIX Short-Term Futures ETF Stock Performance

The firm has a 50 day moving average of $17.16 and a two-hundred day moving average of $23.54.

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

Several hedge funds have recently added to or reduced their stakes in VIXY. Fluent Financial LLC acquired a new stake in ProShares VIX Short-Term Futures ETF during the third quarter worth approximately $3,754,000. IMC Chicago LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 1st quarter worth approximately $1,509,000. Simplex Trading LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth approximately $612,000. Verity Asset Management Inc. boosted its holdings in shares of ProShares VIX Short-Term Futures ETF by 65.9% in the 3rd quarter. Verity Asset Management Inc. now owns 30,189 shares of the company’s stock valued at $511,000 after buying an additional 11,992 shares in the last quarter. Finally, IFP Advisors Inc acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at $232,000.

ProShares VIX Short-Term Futures ETF Company Profile

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.