ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Up 3.3% – Should You Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXYGet Free Report)’s stock price rose 3.3% during mid-day trading on Wednesday . The stock traded as high as $49.10 and last traded at $47.32. Approximately 1,307,124 shares were traded during mid-day trading, The stock had previously closed at $45.80.

ProShares VIX Short-Term Futures ETF Stock Performance

The business’s 50-day simple moving average is $49.95 and its 200 day simple moving average is $48.04.

Institutional Investors Weigh In On ProShares VIX Short-Term Futures ETF

A number of large investors have recently added to or reduced their stakes in VIXY. Verity Asset Management Inc. boosted its holdings in shares of ProShares VIX Short-Term Futures ETF by 14.4% during the first quarter. Verity Asset Management Inc. now owns 11,773 shares of the company’s stock worth $153,000 after purchasing an additional 1,480 shares during the period. PCG Wealth Advisors LLC lifted its holdings in ProShares VIX Short-Term Futures ETF by 29.2% in the 2nd quarter. PCG Wealth Advisors LLC now owns 15,500 shares of the company’s stock worth $168,000 after buying an additional 3,500 shares during the period. Alhambra Investment Management LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter worth approximately $133,000. National Bank of Canada FI increased its stake in shares of ProShares VIX Short-Term Futures ETF by 1.9% during the second quarter. National Bank of Canada FI now owns 101,268 shares of the company’s stock valued at $1,048,000 after buying an additional 1,879 shares during the period. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of ProShares VIX Short-Term Futures ETF during the second quarter valued at approximately $576,000.

About ProShares VIX Short-Term Futures ETF

(Get Free Report)

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.

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