ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Shares Up 8.6% – Still a Buy?

Shares of ProShares VIX Mid-Term Futures ETF (BATS:VIXM) rose 8.6% during trading on Monday . The stock traded as high as $14.65 and last traded at $15.72. Approximately 79,626 shares were traded during trading, The stock had previously closed at $14.48.

ProShares VIX Mid-Term Futures ETF Stock Up 8.6 %

The business’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $14.69.

Institutional Investors Weigh In On ProShares VIX Mid-Term Futures ETF

Large investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF in the 4th quarter valued at approximately $2,164,000. Jane Street Group LLC purchased a new stake in ProShares VIX Mid-Term Futures ETF during the 4th quarter valued at $815,000. Safeguard Financial LLC lifted its position in ProShares VIX Mid-Term Futures ETF by 6.3% in the fourth quarter. Safeguard Financial LLC now owns 16,141 shares of the company’s stock worth $233,000 after buying an additional 951 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in ProShares VIX Mid-Term Futures ETF in the third quarter worth $183,000.

ProShares VIX Mid-Term Futures ETF Company Profile

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.