ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 0.2% – Time to Sell?

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXMGet Free Report) dropped 0.2% during trading on Thursday . The company traded as low as $14.14 and last traded at $14.17. Approximately 256,583 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 344,329 shares. The stock had previously closed at $14.20.

ProShares VIX Mid-Term Futures ETF Trading Up 1.3%

The business has a 50-day moving average price of $14.71 and a two-hundred day moving average price of $15.48.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in VIXM. Bank of America Corp DE acquired a new stake in ProShares VIX Mid-Term Futures ETF during the 2nd quarter valued at $45,000. Group One Trading LLC purchased a new position in shares of ProShares VIX Mid-Term Futures ETF during the second quarter valued at $70,000. Dynamic Technology Lab Private Ltd grew its holdings in shares of ProShares VIX Mid-Term Futures ETF by 12.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock valued at $183,000 after buying an additional 1,281 shares in the last quarter. Arlington Capital Management Inc. acquired a new position in ProShares VIX Mid-Term Futures ETF during the third quarter valued at $201,000. Finally, Simplex Trading LLC raised its position in ProShares VIX Mid-Term Futures ETF by 204.4% during the fourth quarter. Simplex Trading LLC now owns 15,837 shares of the company’s stock valued at $242,000 after buying an additional 10,635 shares during the period.

About ProShares VIX Mid-Term Futures ETF

(Get Free Report)

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.

Further Reading

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