ProShares VIX Mid-Term Futures ETF (BATS:VIXM) Trading 15.9% Higher – Here’s What Happened

ProShares VIX Mid-Term Futures ETF (BATS:VIXM) shares shot up 15.9% during trading on Wednesday . The stock traded as high as $14.65 and last traded at $16.79. 79,626 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 170,545 shares. The stock had previously closed at $14.48.

ProShares VIX Mid-Term Futures ETF Trading Up 15.9%

The stock has a 50-day moving average of $17.02 and a 200 day moving average of $16.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd raised its position in ProShares VIX Mid-Term Futures ETF by 12.4% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 11,576 shares of the company’s stock worth $183,000 after purchasing an additional 1,281 shares during the last quarter. Flow Traders U.S. LLC increased its stake in shares of ProShares VIX Mid-Term Futures ETF by 100.8% in the 1st quarter. Flow Traders U.S. LLC now owns 34,794 shares of the company’s stock valued at $551,000 after buying an additional 17,470 shares during the period. Jane Street Group LLC bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the fourth quarter worth $815,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of ProShares VIX Mid-Term Futures ETF during the first quarter worth $974,000.

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.