ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Falls 1.8% – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM)’s stock price were down 1.8% during trading on Thursday. The stock traded as low as $12.91 and last traded at $12.91. 113,911 shares were traded during trading, a decline of 70% from the average daily volume of 381,709 shares. The stock had previously closed at $13.14.

ProShares VIX Mid-Term Futures ETF Stock Down 1.8%

The stock has a 50 day moving average price of $13.17 and a 200 day moving average price of $14.85.

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

A hedge fund recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned approximately 10.27% of ProShares VIX Mid-Term Futures ETF at the end of the most recent quarter.

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.