ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Down 10.4% – Here’s What Happened

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY) fell 10.4% on Wednesday . The company traded as low as $42.70 and last traded at $41.85. 1,944,722 shares changed hands during mid-day trading, The stock had previously closed at $46.73.

ProShares VIX Short-Term Futures ETF Price Performance

The business has a 50-day moving average price of $43.92 and a two-hundred day moving average price of $47.69.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at $184,000. Pinnacle Family Advisors LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 3rd quarter worth about $206,000. Gruss & Co. LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 3rd quarter worth about $245,000. Integrated Advisors Network LLC purchased a new stake in ProShares VIX Short-Term Futures ETF during the 3rd quarter worth about $349,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in ProShares VIX Short-Term Futures ETF during the 2nd quarter worth about $576,000.

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.