ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Down 1.8% – Here’s Why

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) fell 1.8% during mid-day trading on Thursday. The stock traded as low as $12.91 and last traded at $12.91. Approximately 113,911 shares were traded during trading, a decline of 70% from the average session volume of 381,709 shares. The stock had previously closed at $13.14.

ProShares VIX Mid-Term Futures ETF Stock Performance

The business’s 50-day moving average is $13.17 and its two-hundred day moving average is $14.85.

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

An institutional investor recently bought a new stake in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned 10.27% of ProShares VIX Mid-Term Futures ETF at the end of the most recent quarter.

ProShares VIX Mid-Term Futures ETF Company Profile

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.