ProShares VIX Mid-Term Futures ETF Target of Unusually High Options Trading (BATS:VIXM)

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) saw some unusual options trading on Wednesday. Investors acquired 10,620 call options on the company. This is an increase of approximately 1,218% compared to the typical daily volume of 806 call options.

ProShares VIX Mid-Term Futures ETF Stock Performance

VIXM traded down $0.12 during midday trading on Wednesday, reaching $14.88. 110,996 shares of the company’s stock were exchanged, compared to its average volume of 322,217. ProShares VIX Mid-Term Futures ETF has a 1-year low of $14.77 and a 1-year high of $17.72. The business’s 50-day moving average price is $15.60 and its 200 day moving average price is $15.68.

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

Several hedge funds and other institutional investors have recently modified their holdings of VIXM. IMC Chicago LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the 1st quarter valued at about $2,220,000. Regal Investment Advisors LLC acquired a new position in ProShares VIX Mid-Term Futures ETF in the fourth quarter valued at approximately $668,000. Signal Advisors Wealth LLC boosted its stake in ProShares VIX Mid-Term Futures ETF by 51.1% in the first quarter. Signal Advisors Wealth LLC now owns 47,111 shares of the company’s stock valued at $808,000 after acquiring an additional 15,933 shares during the period. Arlington Capital Management Inc. bought a new position in shares of ProShares VIX Mid-Term Futures ETF during the third quarter valued at approximately $201,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in shares of ProShares VIX Mid-Term Futures ETF during the 4th quarter worth approximately $166,000.

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.