ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Trading Down 0.7% – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares were down 0.7% during trading on Monday . The stock traded as low as $15.07 and last traded at $15.11. Approximately 313,829 shares were traded during trading, a decline of 8% from the average daily volume of 339,813 shares. The stock had previously closed at $15.21.

ProShares VIX Mid-Term Futures ETF Price Performance

The firm has a 50 day moving average of $15.27 and a 200-day moving average of $15.96.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

Large investors have recently modified their holdings of the stock. Bank of America Corp DE acquired a new position in ProShares VIX Mid-Term Futures ETF in the second quarter valued at about $45,000. Group One Trading LLC bought a new position in ProShares VIX Mid-Term Futures ETF in the 2nd quarter valued at about $70,000. Vanguard Capital Wealth Advisors bought a new position in ProShares VIX Mid-Term Futures ETF in the 4th quarter valued at about $166,000. Dynamic Technology Lab Private Ltd raised its position in shares of 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 buying an additional 1,281 shares in the last quarter. Finally, Arlington Capital Management Inc. bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the 3rd quarter worth approximately $201,000.

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.