ProShares VIX Short-Term Futures ETF (BATS:VIXY) Share Price Cross Below 50-Day Moving Average – Time to Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $17.16 and traded as low as $16.93. ProShares VIX Short-Term Futures ETF shares last traded at $17.02, with a volume of 2,519,731 shares trading hands.

ProShares VIX Short-Term Futures ETF Trading Down 2.1%

The firm has a 50-day simple moving average of $17.16 and a two-hundred day simple moving average of $23.76.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently made changes to their positions in VIXY. Fluent Financial LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 3rd quarter worth about $3,754,000. IMC Chicago LLC acquired a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter valued at about $1,509,000. Wealthcare Advisory Partners LLC raised its stake in ProShares VIX Short-Term Futures ETF by 24.7% in 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 during the last quarter. World Investment Advisors purchased a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter valued at about $284,000. Finally, HBW Advisory Services LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter valued at about $275,000.

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.