ProShares VIX Short-Term Futures ETF (BATS:VIXY) Stock Jumps 1.9% – Time to Buy?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price shot up 1.9% during mid-day trading on Wednesday. The company traded as high as $16.91 and last traded at $16.79. 2,649,419 shares traded hands during trading, a decline of 25% from the average daily volume of 3,555,319 shares. The stock had previously closed at $16.48.

ProShares VIX Short-Term Futures ETF Price Performance

The business’s 50-day moving average price is $18.76 and its two-hundred day moving average price is $24.03.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several large investors have recently modified their holdings of VIXY. JFS Wealth Advisors LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF in the second quarter worth $53,000. HBW Advisory Services LLC bought a new stake in ProShares VIX Short-Term Futures ETF during the first quarter worth about $275,000. World Investment Advisors acquired a new stake in ProShares VIX Short-Term Futures ETF during the first quarter worth about $284,000. IFP Advisors Inc acquired a new stake in ProShares VIX Short-Term Futures ETF during the second quarter worth about $232,000. Finally, Wealthcare Advisory Partners LLC increased its holdings in ProShares VIX Short-Term Futures ETF by 24.7% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 14,999 shares of the company’s stock valued at $319,000 after buying an additional 2,968 shares during the period.

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.