ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 1.2% – What’s Next?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares rose 1.2% on Thursday. The stock traded as high as $12.87 and last traded at $12.83. 177,776 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 392,188 shares. The stock had previously closed at $12.68.

ProShares VIX Mid-Term Futures ETF Price Performance

The stock’s 50 day simple moving average is $13.54 and its two-hundred day simple moving average is $14.78.

Institutional Trading of ProShares VIX Mid-Term Futures ETF

A hedge fund recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC acquired a new position in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned approximately 10.27% of ProShares VIX Mid-Term Futures ETF as of its most recent filing with the Securities and Exchange Commission.

About ProShares VIX Mid-Term Futures ETF

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.