ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Down 3.6% – Here’s Why

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares fell 3.6% on Thursday . The stock traded as low as $22.45 and last traded at $22.67. 3,826,691 shares traded hands during mid-day trading, a decline of 9% from the average session volume of 4,185,277 shares. The stock had previously closed at $23.52.

ProShares VIX Short-Term Futures ETF Price Performance

The firm’s 50-day moving average is $28.38 and its two-hundred day moving average is $28.63.

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

Several large investors have recently bought and sold shares of the business. Quadrature Capital Ltd bought a new stake in ProShares VIX Short-Term Futures ETF in the third quarter worth $3,862,000. UG Investment Advisers Ltd. purchased a new position in ProShares VIX Short-Term Futures ETF during the fourth quarter worth $2,641,000. SMA Capital LLC purchased a new position in ProShares VIX Short-Term Futures ETF during the fourth quarter worth $2,048,000. UBS Group AG boosted its stake in ProShares VIX Short-Term Futures ETF by 224.8% during the third quarter. UBS Group AG now owns 77,478 shares of the company’s stock worth $2,503,000 after buying an additional 53,625 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in 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 buying an additional 25,000 shares during the period.

ProShares VIX Short-Term Futures ETF Company Profile

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.