ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Down 35.3% – Time to Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price traded down 35.3% on Monday . The stock traded as low as $42.70 and last traded at $30.2150. 1,944,722 shares changed hands during trading, an increase of 30% from the average session volume of 1,500,906 shares. The stock had previously closed at $46.73.

ProShares VIX Short-Term Futures ETF Price Performance

The company has a 50-day moving average of $33.11 and a 200-day moving average of $39.08.

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

Several large investors have recently made changes to their positions in the stock. National Bank of Canada FI acquired a new stake in shares of ProShares VIX Short-Term Futures ETF during the third quarter worth $34,000. FNY Investment Advisers LLC bought a new position in ProShares VIX Short-Term Futures ETF during the 2nd quarter worth about $46,000. Group One Trading LLC acquired a new stake in shares of ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at about $68,000. Clean Yield Group bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at about $103,000. Finally, World Investment Advisors acquired a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter worth about $203,000.

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.