ProShares VIX Mid-Term Futures ETF (BATS:VIXM – Get Free Report)’s share price crossed below its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $13.08 and traded as low as $12.99. ProShares VIX Mid-Term Futures ETF shares last traded at $12.99, with a volume of 108,515 shares trading hands.
ProShares VIX Mid-Term Futures ETF Stock Up 1.7%
The business’s fifty day moving average is $13.08 and its 200 day moving average is $14.75.
ProShares VIX Mid-Term Futures ETF’s stock is going to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.
Institutional Investors Weigh In On ProShares VIX Mid-Term Futures ETF
A number of institutional investors and hedge funds have recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF in the third quarter worth $646,000. IMC Chicago LLC purchased a new position in ProShares VIX Mid-Term Futures ETF during the 1st quarter valued at about $2,220,000. Group One Trading LLC bought a new position in ProShares VIX Mid-Term Futures ETF in the 3rd quarter worth $310,000. Finally, Hansen & Associates Financial Group Inc. raised its position in shares of ProShares VIX Mid-Term Futures ETF by 12.2% in the 3rd quarter. Hansen & Associates Financial Group Inc. now owns 885,801 shares of the company’s stock worth $11,365,000 after acquiring an additional 96,094 shares in the last quarter.
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.
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