ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Stock Price Up 1.6% – What’s Next?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shot up 1.6% during mid-day trading on Monday . The stock traded as high as $14.65 and last traded at $14.71. 79,626 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 197,406 shares. The stock had previously closed at $14.48.

ProShares VIX Mid-Term Futures ETF Stock Performance

The stock has a 50-day moving average of $14.98 and a 200-day moving average of $14.79.

Hedge Funds Weigh In On ProShares VIX Mid-Term Futures ETF

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in ProShares VIX Mid-Term Futures ETF during the 4th quarter valued at about $815,000. IMC Chicago LLC acquired a new position in shares of ProShares VIX Mid-Term Futures ETF during the fourth quarter worth approximately $2,164,000. Safeguard Financial LLC grew its holdings in ProShares VIX Mid-Term Futures ETF by 6.3% in the 4th quarter. Safeguard Financial LLC now owns 16,141 shares of the company’s stock worth $233,000 after buying an additional 951 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in ProShares VIX Mid-Term Futures ETF in the 3rd quarter valued at approximately $183,000.

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.