ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 8.6% – Should You Buy?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) rose 8.6% during trading on Monday . The company traded as high as $14.65 and last traded at $15.72. Approximately 79,626 shares were traded during mid-day trading, The stock had previously closed at $14.48.

ProShares VIX Mid-Term Futures ETF Stock Up 8.6 %

The company has a 50 day simple moving average of $14.59 and a two-hundred day simple moving average of $14.69.

Hedge Funds Weigh In On ProShares VIX Mid-Term Futures ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in ProShares VIX Mid-Term Futures ETF in the 3rd quarter worth $183,000. Safeguard Financial LLC increased its holdings in shares of ProShares VIX Mid-Term Futures ETF by 6.3% in the fourth quarter. Safeguard Financial LLC now owns 16,141 shares of the company’s stock worth $233,000 after purchasing an additional 951 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF in the fourth quarter worth about $815,000. Finally, IMC Chicago LLC purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF in the fourth quarter worth about $2,164,000.

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.