ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Trading Down 1.2% – Here’s Why

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) traded down 1.2% during trading on Tuesday . The company traded as low as $15.8661 and last traded at $15.8050. 108,566 shares were traded during mid-day trading, a decline of 38% from the average session volume of 174,437 shares. The stock had previously closed at $15.99.

ProShares VIX Mid-Term Futures ETF Stock Down 1.2%

The stock’s fifty day moving average price is $16.24 and its 200 day moving average price is $16.48.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC lifted its holdings in shares of ProShares VIX Mid-Term Futures ETF by 100.8% during the first quarter. Flow Traders U.S. LLC now owns 34,794 shares of the company’s stock valued at $551,000 after purchasing an additional 17,470 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in ProShares VIX Mid-Term Futures ETF during the 3rd quarter valued at approximately $276,000. Arlington Capital Management Inc. purchased a new position in ProShares VIX Mid-Term Futures ETF during the third quarter valued at $201,000. Group One Trading LLC bought a new stake in ProShares VIX Mid-Term Futures ETF in the second quarter worth $70,000. Finally, Bank of America Corp DE purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF in the second quarter worth $45,000.

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.