ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Cross Above Fifty Day Moving Average – Time to Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $13.15 and traded as high as $13.36. ProShares VIX Mid-Term Futures ETF shares last traded at $13.25, with a volume of 231,911 shares changing hands.

ProShares VIX Mid-Term Futures ETF Stock Up 2.6%

The stock’s fifty day simple moving average is $13.15 and its 200-day simple moving average is $14.84.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

An institutional investor recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC bought a new stake in ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned 10.27% of ProShares VIX Mid-Term Futures ETF at the end of the most recent reporting period.

ProShares VIX Mid-Term Futures ETF Company Profile

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.