Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY – Get Free Report) dropped 22.3% on Friday . The company traded as low as $42.70 and last traded at $36.32. 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 Trading Down 22.3%
The business’s fifty day simple moving average is $35.14 and its two-hundred day simple moving average is $47.57.
Hedge Funds Weigh In On ProShares VIX Short-Term Futures ETF
A number of institutional investors have recently modified their holdings of VIXY. Goldman Sachs Group Inc. increased its holdings in shares of ProShares VIX Short-Term Futures ETF by 50.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock valued at $3,770,000 after acquiring an additional 25,000 shares during the period. Jump Financial LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the 1st quarter valued at $1,090,000. DRW Securities LLC acquired a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter valued at $784,000. Eschler Asset Management LLP acquired a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter valued at $686,000. Finally, Flow Traders U.S. LLC increased its stake in ProShares VIX Short-Term Futures ETF by 61.0% in the 1st quarter. Flow Traders U.S. LLC now owns 28,874 shares of the company’s stock valued at $1,451,000 after buying an additional 10,937 shares during the period.
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.
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