Traders Purchase Large Volume of Call Options on ProShares VIX Short-Term Futures ETF (BATS:VIXY)

ProShares VIX Short-Term Futures ETF (BATS:VIXY) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 8,259 call options on the stock. This is an increase of approximately 240% compared to the average daily volume of 2,431 call options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Fluent Financial LLC purchased a new position in ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $3,754,000. IFP Advisors Inc bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter worth about $232,000. JFS Wealth Advisors LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the second quarter worth about $53,000. Wealthcare Advisory Partners LLC boosted its holdings in ProShares VIX Short-Term Futures ETF by 24.7% during the 2nd quarter. Wealthcare Advisory Partners LLC now owns 14,999 shares of the company’s stock valued at $319,000 after acquiring an additional 2,968 shares during the period. Finally, IMC Chicago LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF in the first quarter worth about $1,509,000.

ProShares VIX Short-Term Futures ETF Price Performance

ProShares VIX Short-Term Futures ETF stock traded down $0.09 during trading on Tuesday, reaching $16.93. The company had a trading volume of 1,636,949 shares, compared to its average volume of 3,486,586. The firm’s 50-day simple moving average is $17.34 and its 200 day simple moving average is $21.99. ProShares VIX Short-Term Futures ETF has a 52 week low of $15.88 and a 52 week high of $39.33.

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.