ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading 2.1% Higher – Here’s What Happened

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares were up 2.1% during mid-day trading on Tuesday . The stock traded as high as $47.69 and last traded at $44.73. Approximately 1,547,584 shares were traded during trading, The stock had previously closed at $43.81.

ProShares VIX Short-Term Futures ETF Stock Up 0.6 %

The firm’s fifty day moving average price is $45.65 and its 200-day moving average price is $47.57.

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

A number of hedge funds have recently modified their holdings of VIXY. National Bank of Canada FI increased its holdings in ProShares VIX Short-Term Futures ETF by 1.9% during the 2nd quarter. National Bank of Canada FI now owns 101,268 shares of the company’s stock valued at $1,048,000 after purchasing an additional 1,879 shares during the period. Mather Group LLC. purchased a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter valued at approximately $184,000. Gruss & Co. LLC purchased a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter valued at approximately $245,000. 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. Finally, Pinnacle Family Advisors LLC purchased a new stake in ProShares VIX Short-Term Futures ETF in the third quarter worth $206,000.

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.