ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Down 4% – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares fell 4% on Wednesday . The stock traded as low as $14.50 and last traded at $14.38. 262,045 shares changed hands during trading, The stock had previously closed at $14.97.

ProShares VIX Mid-Term Futures ETF Price Performance

The stock’s 50 day simple moving average is $14.42 and its 200-day simple moving average is $14.77.

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

A number of large investors have recently bought and sold shares of VIXM. IMC Chicago LLC bought a new stake in ProShares VIX Mid-Term Futures ETF during the fourth quarter valued at about $2,164,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of ProShares VIX Mid-Term Futures ETF during the third quarter worth approximately $183,000. Finally, Safeguard Financial LLC boosted its position in shares of ProShares VIX Mid-Term Futures ETF by 6.3% in the fourth quarter. Safeguard Financial LLC now owns 16,141 shares of the company’s stock valued at $233,000 after acquiring an additional 951 shares during the period.

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.