ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Set to Reverse Split on Thursday, November 7th

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares are going to reverse split on the morning of Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.

ProShares VIX Short-Term Futures ETF Trading Down 4.4 %

Shares of BATS:VIXY opened at $13.43 on Tuesday. The business has a fifty day moving average of $12.75 and a 200-day moving average of $12.20.

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

Several institutional investors have recently bought and sold shares of VIXY. SG Americas Securities LLC lifted its holdings in ProShares VIX Short-Term Futures ETF by 19.3% during the first quarter. SG Americas Securities LLC now owns 34,801 shares of the company’s stock valued at $451,000 after purchasing an additional 5,618 shares during the last quarter. Rockport Wealth LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the first quarter valued at approximately $4,542,000. Verity Asset Management Inc. lifted its stake in shares of ProShares VIX Short-Term Futures ETF by 14.4% during the 1st quarter. Verity Asset Management Inc. now owns 11,773 shares of the company’s stock valued at $153,000 after buying an additional 1,480 shares in the last quarter. PCG Wealth Advisors LLC boosted 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. Finally, Alhambra Investment Management LLC bought a new position in ProShares VIX Short-Term Futures ETF in the 2nd quarter worth approximately $133,000.

About ProShares VIX Short-Term Futures ETF

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.