ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Up 2.1% – Should You Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s share price traded up 2.1% during mid-day trading on Tuesday . The company traded as high as $47.69 and last traded at $44.73. 1,547,584 shares changed hands during mid-day trading, The stock had previously closed at $43.81.

ProShares VIX Short-Term Futures ETF Stock Performance

The business’s 50 day simple moving average is $45.81 and its two-hundred day simple moving average is $47.59.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI boosted its holdings in shares of ProShares VIX Short-Term Futures ETF by 17.3% in the 3rd quarter. National Bank of Canada FI now owns 118,740 shares of the company’s stock valued at $1,451,000 after buying an additional 17,472 shares in the last quarter. Pinnacle Family Advisors LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $206,000. Integrated Advisors Network LLC purchased a new position in ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at about $349,000. International Assets Investment Management LLC grew its stake in ProShares VIX Short-Term Futures ETF by 29,125.1% in the 3rd quarter. International Assets Investment Management LLC now owns 51,144 shares of the company’s stock worth $627,000 after acquiring an additional 50,969 shares during the period. Finally, Gruss & Co. LLC acquired a new position in ProShares VIX Short-Term Futures ETF during the third quarter worth approximately $245,000.

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.