ProShares VIX Mid-Term Futures ETF Stock Set to Reverse Split on Thursday, November 19th (BATS:VIXM)

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) are scheduled to reverse split on the morning of Thursday, November 19th. The 1-2 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Wednesday, November 18th.

ProShares VIX Mid-Term Futures ETF Trading Down 3.0%

BATS:VIXM traded down $0.39 during mid-day trading on Wednesday, hitting $12.82. The stock had a trading volume of 737,824 shares, compared to its average volume of 381,349. ProShares VIX Mid-Term Futures ETF has a twelve month low of $12.64 and a twelve month high of $17.72. The company’s 50 day simple moving average is $13.12 and its 200 day simple moving average is $14.82.

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

An institutional investor recently bought a new position 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) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission.

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.