ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 0.6% – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares fell 0.6% on Wednesday . The company traded as low as $14.18 and last traded at $14.23. 205,416 shares were traded during mid-day trading, a decline of 34% from the average session volume of 310,200 shares. The stock had previously closed at $14.32.

ProShares VIX Mid-Term Futures ETF Stock Performance

The company has a fifty day simple moving average of $15.12 and a 200-day simple moving average of $15.56.

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

Several hedge funds have recently made changes to their positions in the company. Bank of America Corp DE purchased a new position in ProShares VIX Mid-Term Futures ETF during the 2nd quarter worth approximately $45,000. Group One Trading LLC acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF in the second quarter worth $70,000. Vanguard Capital Wealth Advisors acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF in the fourth quarter worth $166,000. 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. Finally, Arlington Capital Management Inc. acquired a new position in ProShares VIX Mid-Term Futures ETF during the third quarter valued at $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.