ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Down 10.4% – Time to Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY) traded down 10.4% during mid-day trading on Wednesday . The stock traded as low as $42.70 and last traded at $41.85. 1,944,722 shares traded hands during trading, The stock had previously closed at $46.73.

ProShares VIX Short-Term Futures ETF Stock Down 10.4 %

The stock’s fifty day simple moving average is $44.05 and its 200 day simple moving average is $47.73.

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

Institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. purchased a new position in shares of ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $184,000. Pinnacle Family Advisors LLC acquired a new stake in shares of ProShares VIX Short-Term Futures ETF during the third quarter worth $206,000. Gruss & Co. LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at $245,000. Integrated Advisors Network LLC acquired a new position in ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at $349,000. Finally, International Assets Investment Management LLC lifted its stake in shares of ProShares VIX Short-Term Futures ETF by 29,125.1% in the 3rd quarter. International Assets Investment Management LLC now owns 51,144 shares of the company’s stock worth $627,000 after acquiring an additional 50,969 shares during the period.

ProShares VIX Short-Term Futures ETF Company Profile

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.