ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Down 0.6% – Time to Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) were down 0.6% during mid-day trading on Wednesday . The stock traded as low as $14.18 and last traded at $14.23. 205,416 shares changed hands during trading, a decline of 34% from the average daily volume of 310,200 shares. The stock had previously closed at $14.32.

ProShares VIX Mid-Term Futures ETF Stock Performance

The stock has a 50 day moving average price of $15.15 and a 200-day moving average price of $15.57.

Institutional Investors Weigh In On ProShares VIX Mid-Term Futures ETF

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE purchased a new position in ProShares VIX Mid-Term Futures ETF in the 2nd quarter worth approximately $45,000. Group One Trading LLC bought a new stake in ProShares VIX Mid-Term Futures ETF in the second quarter valued at approximately $70,000. Vanguard Capital Wealth Advisors purchased a new stake in shares of ProShares VIX Mid-Term Futures ETF during the fourth quarter valued at approximately $166,000. Dynamic Technology Lab Private Ltd boosted its stake in shares of ProShares VIX Mid-Term Futures ETF by 12.4% during the first quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock valued at $183,000 after purchasing an additional 1,281 shares during the period. Finally, Arlington Capital Management Inc. bought a new position in shares of ProShares VIX Mid-Term Futures ETF in the third quarter worth approximately $201,000.

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.