ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 4.6% – Time to Sell?

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY) traded down 4.6% during trading on Wednesday . The stock traded as low as $31.14 and last traded at $31.19. 5,726,572 shares traded hands during trading, an increase of 29% from the average session volume of 4,444,307 shares. The stock had previously closed at $32.68.

ProShares VIX Short-Term Futures ETF Stock Down 4.6%

The stock’s 50 day moving average is $27.15 and its 200 day moving average is $30.47.

Institutional Investors Weigh In On ProShares VIX Short-Term Futures ETF

Institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at approximately $3,862,000. UG Investment Advisers Ltd. acquired a new stake in ProShares VIX Short-Term Futures ETF during the 4th quarter worth approximately $2,641,000. Canal Insurance CO lifted its holdings in ProShares VIX Short-Term Futures ETF by 100.0% during the 3rd quarter. Canal Insurance CO now owns 160,000 shares of the company’s stock worth $5,168,000 after purchasing an additional 80,000 shares during the last quarter. SMA Capital LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the 4th quarter valued at $2,048,000. Finally, Schonfeld Strategic Advisors LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the 4th quarter valued at $1,704,000.

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.