ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Down 1.4% – Here’s What Happened

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares dropped 1.4% on Thursday . The company traded as low as $14.97 and last traded at $14.97. 113,865 shares changed hands during trading, a decline of 65% from the average session volume of 326,082 shares. The stock had previously closed at $15.18.

ProShares VIX Mid-Term Futures ETF Stock Performance

The firm’s fifty day moving average is $15.64 and its two-hundred day moving average is $15.70.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd lifted its holdings in shares of ProShares VIX Mid-Term Futures ETF by 12.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock worth $183,000 after buying an additional 1,281 shares in the last quarter. Bank of America Corp DE purchased a new position in ProShares VIX Mid-Term Futures ETF during the second quarter valued at approximately $45,000. Group One Trading LLC purchased a new position in ProShares VIX Mid-Term Futures ETF during the second quarter valued at approximately $70,000. Arlington Capital Management Inc. purchased a new position in ProShares VIX Mid-Term Futures ETF during the third quarter valued at approximately $201,000. Finally, Signal Advisors Wealth LLC increased its holdings in ProShares VIX Mid-Term Futures ETF by 78.5% during the 4th quarter. Signal Advisors Wealth LLC now owns 31,178 shares of the company’s stock worth $476,000 after acquiring an additional 13,713 shares during the period.

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.