ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 2.7% – Should You Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s share price traded down 2.7% on Thursday . The stock traded as low as $17.35 and last traded at $17.35. Approximately 1,997,214 shares changed hands during trading, a decline of 45% from the average session volume of 3,656,998 shares. The stock had previously closed at $17.83.

ProShares VIX Short-Term Futures ETF Trading Up 1.8%

The business has a fifty day simple moving average of $20.33 and a two-hundred day simple moving average of $25.49.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in VIXY. Goldman Sachs Group Inc. raised its holdings in ProShares VIX Short-Term Futures ETF by 50.0% in the first quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock worth $3,770,000 after purchasing an additional 25,000 shares in the last quarter. Hudson Bay Capital Management LP grew its position in shares of ProShares VIX Short-Term Futures ETF by 100.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 20,000 shares of the company’s stock worth $938,000 after buying an additional 10,000 shares during the period. Corient Private Wealth LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter worth about $253,000. Group One Trading LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF in the 3rd quarter worth about $68,000. Finally, BNP Paribas Financial Markets increased its stake in shares of ProShares VIX Short-Term Futures ETF by 810.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 26,145 shares of the company’s stock worth $844,000 after acquiring an additional 23,272 shares in the last quarter.

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.