ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 4.6% – Here’s What Happened

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s share price fell 4.6% during trading on Wednesday . The company traded as low as $31.14 and last traded at $31.19. 5,726,572 shares changed hands during trading, an increase of 29% from the average session volume of 4,444,307 shares. The stock had previously closed at $32.68.

ProShares VIX Short-Term Futures ETF Trading Down 4.6%

The business has a 50-day simple moving average of $27.15 and a two-hundred day simple moving average of $30.47.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. lifted its holdings in ProShares VIX Short-Term Futures ETF by 50.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock valued at $3,770,000 after purchasing an additional 25,000 shares during the last quarter. Hudson Bay Capital Management LP increased its holdings in shares of ProShares VIX Short-Term Futures ETF by 100.0% in the second quarter. Hudson Bay Capital Management LP now owns 20,000 shares of the company’s stock valued at $938,000 after purchasing an additional 10,000 shares during the last quarter. Corient Private Wealth LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the second quarter valued at $253,000. World Investment Advisors bought a new position in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at about $203,000. Finally, Bourgeon Capital Management LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at about $242,000.

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.