ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Trading 1.1% Higher – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares were up 1.1% on Tuesday . The company traded as high as $15.00 and last traded at $14.57. Approximately 218,639 shares were traded during mid-day trading, The stock had previously closed at $14.41.

ProShares VIX Mid-Term Futures ETF Stock Performance

The stock’s 50-day moving average price is $14.39 and its two-hundred day moving average price is $14.72.

Hedge Funds Weigh In On ProShares VIX Mid-Term Futures ETF

An institutional investor recently bought a new position in ProShares VIX Mid-Term Futures ETF stock. Bank of Montreal Can purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 223,120 shares of the company’s stock, valued at approximately $3,458,000. Bank of Montreal Can owned about 3.85% of ProShares VIX Mid-Term Futures ETF at the end of the most recent reporting period.

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.