ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Down 45.4% – Here’s Why

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price were down 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 Stock Down 45.4%

The firm has a fifty day moving average price of $31.13 and a two-hundred day moving average price of $36.34.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently bought and sold shares of VIXY. FNY Investment Advisers LLC boosted its stake in ProShares VIX Short-Term Futures ETF by 3,350.0% during the third quarter. FNY Investment Advisers LLC now owns 34,500 shares of the company’s stock worth $1,114,000 after buying an additional 33,500 shares during the period. Cantor Fitzgerald L. P. raised its stake in shares of ProShares VIX Short-Term Futures ETF by 14.3% in the 3rd quarter. Cantor Fitzgerald L. P. now owns 43,959 shares of the company’s stock valued at $1,420,000 after acquiring an additional 5,507 shares during the period. Verity Asset Management Inc. lifted its holdings 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 last quarter. National Bank of Canada FI purchased a new position in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth approximately $34,000. Finally, EHP Funds Inc. purchased a new position in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth approximately $646,000.

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.