ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $47.81 and traded as low as $41.79. ProShares VIX Short-Term Futures ETF shares last traded at $41.95, with a volume of 476,885 shares traded.

ProShares VIX Short-Term Futures ETF Price Performance

The company has a 50 day simple moving average of $49.33 and a 200-day simple moving average of $47.81.

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

Large investors have recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. purchased a new stake in ProShares VIX Short-Term Futures ETF during the second quarter valued at about $576,000. International Assets Investment Management LLC raised its position in shares of ProShares VIX Short-Term Futures ETF by 29,125.1% in the third quarter. International Assets Investment Management LLC now owns 51,144 shares of the company’s stock valued at $627,000 after purchasing an additional 50,969 shares during the period. Integrated Advisors Network LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $349,000. Gruss & Co. LLC purchased a new stake in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $245,000. Finally, National Bank of Canada FI grew its stake in ProShares VIX Short-Term Futures ETF by 17.3% in the 3rd quarter. National Bank of Canada FI now owns 118,740 shares of the company’s stock valued at $1,451,000 after buying an additional 17,472 shares in 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.