ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 4% – Time to Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM)’s share price fell 4% during mid-day trading on Wednesday . The company traded as low as $14.50 and last traded at $14.38. 262,045 shares traded hands during trading, The stock had previously closed at $14.97.

ProShares VIX Mid-Term Futures ETF Price Performance

The business has a fifty day moving average of $14.45 and a 200-day moving average of $14.77.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

Several institutional investors and hedge funds have recently bought and sold shares of VIXM. Dynamic Technology Lab Private Ltd acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF in the third quarter valued at about $183,000. Safeguard Financial LLC grew its holdings in shares of ProShares VIX Mid-Term Futures ETF by 6.3% in the 4th quarter. Safeguard Financial LLC now owns 16,141 shares of the company’s stock worth $233,000 after purchasing an additional 951 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in ProShares VIX Mid-Term Futures ETF during the 4th quarter valued at $2,164,000.

ProShares VIX Mid-Term Futures ETF Company Profile

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.