ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Share Price Cross Above 50 Day Moving Average – Time to Sell?

ProShares VIX Mid-Term Futures ETF (BATS:VIXM)’s share price crossed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $13.15 and traded as high as $13.36. ProShares VIX Mid-Term Futures ETF shares last traded at $13.25, with a volume of 231,911 shares.

ProShares VIX Mid-Term Futures ETF Price Performance

The stock has a fifty day simple moving average of $13.15 and a two-hundred day simple moving average of $14.84.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in ProShares VIX Mid-Term Futures ETF stock. IMC Chicago LLC acquired a new position in shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 129,434 shares of the company’s stock, valued at approximately $2,220,000. IMC Chicago LLC owned approximately 10.27% of ProShares VIX Mid-Term Futures ETF at the end of the most recent quarter.

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.