ProShares VIX Short-Term Futures ETF (BATS:VIXY – Get Free Report) was the target of unusually large options trading on Wednesday. Stock investors bought 6,405 call options on the company. This represents an increase of 160% compared to the typical daily volume of 2,466 call options.
ProShares VIX Short-Term Futures ETF Stock Down 2.0%
BATS:VIXY traded down $0.35 during trading on Wednesday, reaching $17.45. The company’s stock had a trading volume of 952,389 shares, compared to its average volume of 3,627,295. The firm has a 50 day moving average of $20.14 and a 200-day moving average of $25.37. ProShares VIX Short-Term Futures ETF has a 12 month low of $17.28 and a 12 month high of $39.70.
Hedge Funds Weigh In On ProShares VIX Short-Term Futures ETF
Several institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the first quarter worth about $1,509,000. Verity Asset Management Inc. grew its position in shares of ProShares VIX Short-Term Futures ETF by 166.4% during the 3rd quarter. Verity Asset Management Inc. now owns 14,237 shares of the company’s stock valued at $460,000 after acquiring an additional 8,892 shares during the period. Arkadios Wealth Advisors bought a new position in shares of ProShares VIX Short-Term Futures ETF during the 4th quarter valued at approximately $449,000. Corient Private Wealth LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 2nd quarter worth approximately $253,000. Finally, EFG International AG purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 4th quarter worth approximately $231,000.
ProShares VIX Short-Term Futures ETF Company Profile
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.
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