Traders Buy Large Volume of ProShares VIX Mid-Term Futures ETF Call Options (BATS:VIXM)

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) was the target of unusually large options trading on Friday. Stock traders bought 7,805 call options on the stock. This is an increase of 2,354% compared to the typical daily volume of 318 call options.

ProShares VIX Mid-Term Futures ETF Stock Performance

Shares of BATS:VIXM opened at $15.12 on Friday. The business has a fifty day moving average price of $16.03 and a 200-day moving average price of $16.34. ProShares VIX Mid-Term Futures ETF has a 1-year low of $13.68 and a 1-year high of $19.92.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in VIXM. Bank of America Corp DE purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF during the second quarter valued at approximately $45,000. Group One Trading LLC bought a new position in ProShares VIX Mid-Term Futures ETF in the 2nd quarter valued at approximately $70,000. Dynamic Technology Lab Private Ltd lifted its position in ProShares VIX Mid-Term Futures ETF by 12.4% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock valued at $183,000 after acquiring an additional 1,281 shares in the last quarter. Arlington Capital Management Inc. purchased a new stake in ProShares VIX Mid-Term Futures ETF during the 3rd quarter valued at $201,000. Finally, Signal Advisors Wealth LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF in the 3rd quarter worth $276,000.

About ProShares VIX Mid-Term Futures ETF

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.