ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 45.4% – Should You Sell?

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXYGet Free Report) dropped 45.4% during mid-day trading on Tuesday . The stock traded as low as $42.70 and last traded at $25.5190. Approximately 1,944,722 shares changed hands during trading, an increase of 30% from the average daily volume of 1,500,906 shares. The stock had previously closed at $46.73.

ProShares VIX Short-Term Futures ETF Price Performance

The business’s fifty day moving average price is $31.13 and its 200 day moving average price is $36.34.

Institutional Trading of ProShares VIX Short-Term Futures ETF

A number of hedge funds have recently added to or reduced their stakes in VIXY. Goldman Sachs Group Inc. lifted its holdings in shares of ProShares VIX Short-Term Futures ETF by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock worth $3,770,000 after purchasing an additional 25,000 shares during the period. FNY Investment Advisers LLC acquired a new position in ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at $46,000. Eschler Asset Management LLP purchased a new position in ProShares VIX Short-Term Futures ETF during the 1st quarter worth $686,000. Cantor Fitzgerald L. P. raised its position in ProShares VIX Short-Term Futures ETF by 14.3% during the 3rd quarter. Cantor Fitzgerald L. P. now owns 43,959 shares of the company’s stock worth $1,420,000 after buying an additional 5,507 shares during the last quarter. Finally, Verity Asset Management Inc. lifted its stake in shares of ProShares VIX Short-Term Futures ETF by 166.4% in the 3rd quarter. Verity Asset Management Inc. now owns 14,237 shares of the company’s stock worth $460,000 after acquiring an additional 8,892 shares during the period.

ProShares VIX Short-Term Futures ETF Company Profile

(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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