ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Up 0.5% – Should You Buy?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares were up 0.5% during trading on Tuesday . The company traded as high as $16.38 and last traded at $15.89. Approximately 738,756 shares were traded during mid-day trading, an increase of 121% from the average daily volume of 334,635 shares. The stock had previously closed at $15.81.

ProShares VIX Mid-Term Futures ETF Stock Up 1.9%

The business has a 50 day simple moving average of $15.28 and a 200-day simple moving average of $15.83.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

Several hedge funds have recently bought and sold shares of VIXM. Dynamic Technology Lab Private Ltd boosted its holdings in shares of ProShares VIX Mid-Term Futures ETF by 12.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock valued at $183,000 after buying an additional 1,281 shares during the period. Flow Traders U.S. LLC lifted its position in ProShares VIX Mid-Term Futures ETF by 21.1% in the 2nd quarter. Flow Traders U.S. LLC now owns 42,126 shares of the company’s stock valued at $706,000 after acquiring an additional 7,332 shares in the last quarter. Bank of America Corp DE bought a new stake in ProShares VIX Mid-Term Futures ETF in the 2nd quarter valued at $45,000. Group One Trading LLC acquired a new position in ProShares VIX Mid-Term Futures ETF in the 2nd quarter worth $70,000. Finally, Signal Advisors Wealth LLC bought a new position in ProShares VIX Mid-Term Futures ETF during the 3rd quarter worth about $276,000.

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.