ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 1.4% – Here’s Why

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares dropped 1.4% during trading on Thursday . The stock traded as low as $14.97 and last traded at $14.97. 113,865 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 326,082 shares. The stock had previously closed at $15.18.

ProShares VIX Mid-Term Futures ETF Stock Performance

The firm has a 50 day simple moving average of $15.66 and a two-hundred day simple moving average of $15.70.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of VIXM. IMC Chicago LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the first quarter valued at about $2,220,000. Regal Investment Advisors LLC bought a new position in ProShares VIX Mid-Term Futures ETF in the 4th quarter valued at about $668,000. Signal Advisors Wealth LLC increased its stake in ProShares VIX Mid-Term Futures ETF by 51.1% during the 1st quarter. Signal Advisors Wealth LLC now owns 47,111 shares of the company’s stock valued at $808,000 after buying an additional 15,933 shares during the period. Arlington Capital Management Inc. acquired a new position in ProShares VIX Mid-Term Futures ETF during the 3rd quarter valued at about $201,000. Finally, Vanguard Capital Wealth Advisors acquired a new position in ProShares VIX Mid-Term Futures ETF during the 4th quarter valued at about $166,000.

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.