ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 1% – Should You Buy?

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shot up 1% on Tuesday . The stock traded as high as $16.87 and last traded at $16.79. 429,442 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 368,940 shares. The stock had previously closed at $16.62.

ProShares VIX Mid-Term Futures ETF Stock Up 1.0%

The stock has a 50 day moving average of $15.70 and a 200 day moving average of $15.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Regal Investment Advisors LLC acquired a new position in shares of ProShares VIX Mid-Term Futures ETF in the 4th quarter worth approximately $668,000. Flow Traders U.S. LLC increased its position in shares of ProShares VIX Mid-Term Futures ETF by 21.1% during the second quarter. Flow Traders U.S. LLC now owns 42,126 shares of the company’s stock worth $706,000 after buying an additional 7,332 shares during the period. Signal Advisors Wealth LLC increased its position in shares of ProShares VIX Mid-Term Futures ETF by 78.5% during the fourth quarter. Signal Advisors Wealth LLC now owns 31,178 shares of the company’s stock worth $476,000 after buying an additional 13,713 shares during the period. Simplex Trading LLC raised its stake in ProShares VIX Mid-Term Futures ETF by 204.4% during the fourth quarter. Simplex Trading LLC now owns 15,837 shares of the company’s stock worth $242,000 after buying an additional 10,635 shares during the last quarter. Finally, Arlington Capital Management Inc. bought a new position in ProShares VIX Mid-Term Futures ETF during the third quarter worth $201,000.

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.