ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Price Down 0.8%

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares dropped 0.8% during trading on Wednesday . The stock traded as low as $13.49 and last traded at $13.51. Approximately 4,224,808 shares changed hands during mid-day trading, The stock had previously closed at $13.62.

ProShares VIX Short-Term Futures ETF Price Performance

The company has a 50-day moving average of $13.83 and a 200 day moving average of $16.46.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Annis Gardner Whiting Capital Advisors LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the fourth quarter worth about $31,000. PCG Wealth Advisors LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the first quarter worth about $156,000. Simplex Trading LLC lifted its stake in ProShares VIX Short-Term Futures ETF by 129.6% in the third quarter. Simplex Trading LLC now owns 8,657 shares of the company’s stock worth $201,000 after purchasing an additional 4,887 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its stake in ProShares VIX Short-Term Futures ETF by 284.3% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 13,450 shares of the company’s stock worth $209,000 after purchasing an additional 9,950 shares during the last quarter. Finally, Forza Wealth Management LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the third quarter worth about $252,000.

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.