ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Up 0.6% – What’s Next?

ProShares VIX Short-Term Futures ETF (BATS:VIXY) were up 0.6% on Friday . The company traded as high as $23.46 and last traded at $22.62. 2,271,418 shares were traded during trading, a decline of 45% from the average daily volume of 4,097,683 shares. The stock had previously closed at $22.48.

ProShares VIX Short-Term Futures ETF Trading Up 0.6%

The company’s fifty day moving average price is $25.33 and its 200-day moving average price is $27.55.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. increased its holdings in shares of ProShares VIX Short-Term Futures ETF by 50.0% during the first quarter. Goldman Sachs Group Inc. now owns 75,000 shares of the company’s stock valued at $3,770,000 after acquiring an additional 25,000 shares in the last quarter. Hudson Bay Capital Management LP boosted its stake in ProShares VIX Short-Term Futures ETF by 100.0% in the 2nd quarter. Hudson Bay Capital Management LP now owns 20,000 shares of the company’s stock worth $938,000 after purchasing an additional 10,000 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 2nd quarter valued at about $253,000. Group One Trading LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at about $68,000. Finally, BNP Paribas Financial Markets increased its stake in ProShares VIX Short-Term Futures ETF by 810.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 26,145 shares of the company’s stock valued at $844,000 after purchasing an additional 23,272 shares in the last quarter.

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.