ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading 3.3% Higher – Here’s Why

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s share price traded up 3.3% on Wednesday . The stock traded as high as $49.10 and last traded at $47.32. 1,307,124 shares traded hands during mid-day trading, The stock had previously closed at $45.80.

ProShares VIX Short-Term Futures ETF Stock Up 3.3 %

The firm’s fifty day moving average is $49.99 and its two-hundred day moving average is $48.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Verity Asset Management Inc. raised its position in shares of ProShares VIX Short-Term Futures ETF by 14.4% during the 1st quarter. Verity Asset Management Inc. now owns 11,773 shares of the company’s stock valued at $153,000 after buying an additional 1,480 shares in the last quarter. National Bank of Canada FI raised its position in shares of ProShares VIX Short-Term Futures ETF by 1.9% during the 2nd quarter. National Bank of Canada FI now owns 101,268 shares of the company’s stock valued at $1,048,000 after buying an additional 1,879 shares in the last quarter. PCG Wealth Advisors LLC raised its position in shares of ProShares VIX Short-Term Futures ETF by 29.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 15,500 shares of the company’s stock valued at $168,000 after buying an additional 3,500 shares in the last quarter. Alhambra Investment Management LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 2nd quarter valued at about $133,000. Finally, Mather Group LLC. purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at about $184,000.

About ProShares VIX Short-Term Futures ETF

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.