ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Cross Below 200 Day Moving Average – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.67 and traded as low as $13.68. ProShares VIX Mid-Term Futures ETF shares last traded at $13.74, with a volume of 35,394 shares trading hands.

ProShares VIX Mid-Term Futures ETF Price Performance

The firm’s 50 day simple moving average is $14.77 and its 200-day simple moving average is $14.67.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

A hedge fund recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. Bank of Montreal Can purchased a new stake in ProShares VIX Mid-Term Futures ETF (BATS:VIXM) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 as of its most recent SEC filing.

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.