ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Down 42.6% – What’s Next?

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares dropped 42.6% on Wednesday . The stock traded as low as $42.70 and last traded at $26.8020. Approximately 1,944,722 shares were traded 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 Performance

The business’s 50 day simple moving average is $27.16 and its 200-day simple moving average is $32.52.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. National Bank of Canada FI bought a new stake in ProShares VIX Short-Term Futures ETF during the third quarter worth $34,000. FNY Investment Advisers LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at $46,000. Group One Trading LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth $68,000. Clean Yield Group bought a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth $103,000. Finally, World Investment Advisors bought a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter worth $203,000.

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.