ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Up 2.1% – Time to Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price rose 2.1% on Wednesday . The stock traded as high as $27.46 and last traded at $27.33. Approximately 3,516,206 shares were traded during trading, a decline of 18% from the average daily volume of 4,292,854 shares. The stock had previously closed at $26.77.

ProShares VIX Short-Term Futures ETF Price Performance

The firm has a 50-day moving average of $30.64 and a 200 day moving average of $29.47.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WFA of San Diego LLC lifted its holdings in shares of ProShares VIX Short-Term Futures ETF by 472.6% during the fourth quarter. WFA of San Diego LLC now owns 1,002 shares of the company’s stock valued at $26,000 after acquiring an additional 827 shares during the period. National Bank of Canada FI bought a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter valued at $34,000. Kestra Advisory Services LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the fourth quarter valued at $47,000. Group One Trading LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter valued at $68,000. Finally, Corient Private Wealth LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the second quarter valued at $253,000.

About ProShares VIX Short-Term Futures ETF

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.