ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Down 4% – Should You Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares traded down 4% on Wednesday . The company traded as low as $14.01 and last traded at $14.33. 217,943 shares traded hands during trading, The stock had previously closed at $14.92.

ProShares VIX Mid-Term Futures ETF Stock Down 4.0 %

The firm’s fifty day moving average is $15.14 and its two-hundred day moving average is $14.80.

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

An institutional investor recently bought a new position in ProShares VIX Mid-Term Futures ETF stock. Bank of Montreal Can bought a new position in ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 223,120 shares of the company’s stock, valued at approximately $3,458,000. Bank of Montreal Can owned approximately 3.85% of ProShares VIX Mid-Term Futures ETF at the end of the most recent quarter.

ProShares VIX Mid-Term Futures ETF Company Profile

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.