ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Cross Above 50-Day Moving Average – Should You Sell?

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY – Get Free Report) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $17.16 and traded as high as $21.41. ProShares VIX Short-Term Futures ETF shares last traded at $21.22, with a volume of 19,374,024 shares traded.

ProShares VIX Short-Term Futures ETF Stock Up 29.7%

The company’s fifty day moving average is $17.16 and its two-hundred day moving average is $23.54.

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

A number of large investors have recently modified their holdings of VIXY. Fluent Financial LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth $3,754,000. IMC Chicago LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the first quarter valued at $1,509,000. Simplex Trading LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the third quarter valued at $612,000. Parallel Advisors LLC increased its holdings in ProShares VIX Short-Term Futures ETF by 186,600.0% in the third quarter. Parallel Advisors LLC now owns 1,867 shares of the company’s stock valued at $32,000 after buying an additional 1,866 shares during the last quarter. Finally, Verity Asset Management Inc. raised its stake in ProShares VIX Short-Term Futures ETF by 65.9% in the third quarter. Verity Asset Management Inc. now owns 30,189 shares of the company’s stock valued at $511,000 after buying an additional 11,992 shares in the last quarter.

About ProShares VIX Short-Term Futures ETF

(Get Free Report)

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.

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