ProShares VIX Short-Term Futures ETF (BATS:VIXY) Trading Up 1.8% – Still a Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares were up 1.8% during trading on Tuesday . The company traded as high as $29.37 and last traded at $28.91. Approximately 3,815,078 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 4,581,531 shares. The stock had previously closed at $28.39.

ProShares VIX Short-Term Futures ETF Price Performance

The stock has a 50 day moving average of $30.79 and a 200 day moving average of $30.14.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. One Plus One Wealth Management LLC increased its holdings in shares of ProShares VIX Short-Term Futures ETF by 28.4% in the first quarter. One Plus One Wealth Management LLC now owns 33,447 shares of the company’s stock worth $1,149,000 after buying an additional 7,392 shares during the period. Schonfeld Strategic Advisors LLC purchased a new position in shares of ProShares VIX Short-Term Futures ETF in the fourth quarter worth about $1,704,000. Integrated Advisors Network LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the fourth quarter worth about $385,000. EFG International AG bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the fourth quarter worth about $231,000. Finally, WFA of San Diego LLC grew its stake in shares of ProShares VIX Short-Term Futures ETF by 472.6% in the fourth quarter. WFA of San Diego LLC now owns 1,002 shares of the company’s stock worth $26,000 after purchasing an additional 827 shares during 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.