ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 1% – Should You Buy?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares shot up 1% on Tuesday . The company traded as high as $16.87 and last traded at $16.79. 429,442 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 368,940 shares. The stock had previously closed at $16.62.

ProShares VIX Mid-Term Futures ETF Trading Up 1.0%

The firm’s fifty day moving average is $15.70 and its 200-day moving average is $15.84.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Regal Investment Advisors LLC bought a new position in shares of ProShares VIX Mid-Term Futures ETF in the 4th quarter valued at $668,000. Flow Traders U.S. LLC increased its holdings in ProShares VIX Mid-Term Futures ETF by 21.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 42,126 shares of the company’s stock worth $706,000 after purchasing an additional 7,332 shares in the last quarter. Signal Advisors Wealth LLC increased its holdings in ProShares VIX Mid-Term Futures ETF by 78.5% in the 4th quarter. Signal Advisors Wealth LLC now owns 31,178 shares of the company’s stock worth $476,000 after purchasing an additional 13,713 shares in the last quarter. Simplex Trading LLC raised its position in ProShares VIX Mid-Term Futures ETF by 204.4% in the fourth quarter. Simplex Trading LLC now owns 15,837 shares of the company’s stock valued at $242,000 after purchasing an additional 10,635 shares during the last quarter. Finally, Arlington Capital Management Inc. bought a new position in ProShares VIX Mid-Term Futures ETF in the third quarter valued at about $201,000.

ProShares VIX Mid-Term Futures ETF Company Profile

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.