ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 1.2% – Should You Sell?

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY) were down 1.2% during trading on Thursday . The stock traded as low as $19.44 and last traded at $19.53. Approximately 2,045,091 shares changed hands during trading, a decline of 46% from the average daily volume of 3,810,084 shares. The stock had previously closed at $19.77.

ProShares VIX Short-Term Futures ETF Trading Down 1.2%

The company’s 50 day moving average price is $21.86 and its 200-day moving average price is $26.37.

Institutional Investors Weigh In On ProShares VIX Short-Term Futures ETF

Several hedge funds have recently modified their holdings of VIXY. JFS Wealth Advisors LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the second quarter worth about $53,000. Wealthcare Advisory Partners LLC grew its stake in ProShares VIX Short-Term Futures ETF by 24.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 14,999 shares of the company’s stock valued at $319,000 after purchasing an additional 2,968 shares in the last quarter. IMC Chicago LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 1st quarter worth approximately $1,509,000. HBW Advisory Services LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 1st quarter worth approximately $275,000. Finally, World Investment Advisors acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the 1st quarter valued at approximately $284,000.

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.