ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 0.5% – Still a Buy?

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) traded up 0.5% during mid-day trading on Tuesday . The company traded as high as $16.38 and last traded at $15.89. 738,756 shares were traded during mid-day trading, an increase of 121% from the average session volume of 334,635 shares. The stock had previously closed at $15.81.

ProShares VIX Mid-Term Futures ETF Stock Performance

The stock’s fifty day moving average price is $15.27 and its two-hundred day moving average price is $15.83.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd lifted its stake in ProShares VIX Mid-Term Futures ETF by 12.4% in the first quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock worth $183,000 after acquiring an additional 1,281 shares during the period. Flow Traders U.S. LLC increased its position in shares of ProShares VIX Mid-Term Futures ETF by 21.1% during the second quarter. Flow Traders U.S. LLC now owns 42,126 shares of the company’s stock valued at $706,000 after buying an additional 7,332 shares during the period. Bank of America Corp DE bought a new position in ProShares VIX Mid-Term Futures ETF in the second quarter worth about $45,000. Group One Trading LLC purchased a new stake in ProShares VIX Mid-Term Futures ETF in the second quarter worth about $70,000. Finally, Signal Advisors Wealth LLC purchased a new position in shares of ProShares VIX Mid-Term Futures ETF during the 3rd quarter worth approximately $276,000.

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.