ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 1.4% – Time to Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) traded down 1.4% on Thursday . The stock traded as low as $14.97 and last traded at $14.97. 113,865 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 326,082 shares. The stock had previously closed at $15.18.

ProShares VIX Mid-Term Futures ETF Stock Down 1.4%

The business has a 50 day simple moving average of $15.66 and a 200-day simple moving average of $15.70.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE acquired a new position in ProShares VIX Mid-Term Futures ETF during the 2nd quarter valued at about $45,000. Group One Trading LLC acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF in the second quarter valued at approximately $70,000. Vanguard Capital Wealth Advisors bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the fourth quarter valued at approximately $166,000. Dynamic Technology Lab Private Ltd raised 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 during the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the third quarter valued at approximately $201,000.

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.