ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading 18.7% Higher – Should You Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s share price were up 18.7% on Thursday . The stock traded as high as $44.50 and last traded at $55.46. Approximately 1,944,722 shares traded hands during mid-day trading, an increase of 32% from the average daily volume of 1,470,267 shares. The stock had previously closed at $46.73.

ProShares VIX Short-Term Futures ETF Trading Up 7.6 %

The company’s 50-day simple moving average is $44.88 and its 200-day simple moving average is $46.76.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Pinnacle Family Advisors LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at about $206,000. Two Sigma Securities LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the 4th quarter valued at about $215,000. Maytree Asset Management Ltd acquired a new position in shares of ProShares VIX Short-Term Futures ETF during the 4th quarter worth approximately $484,000. Headlands Technologies LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the fourth quarter worth approximately $513,000. Finally, Visionary Wealth Advisors acquired a new stake in shares of ProShares VIX Short-Term Futures ETF in the fourth quarter valued at approximately $843,000.

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.