Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY – Free Report) are set to reverse split on the morning of Thursday, November 7th. The 1-4 reverse split was announced on Monday, October 28th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 6th.
ProShares VIX Short-Term Futures ETF Trading Down 1.7 %
Shares of VIXY stock opened at $14.05 on Friday. The business has a fifty day moving average price of $12.69 and a 200-day moving average price of $12.23.
Hedge Funds Weigh In On ProShares VIX Short-Term Futures ETF
Hedge funds have recently added to or reduced their stakes in the company. Alhambra Investment Management LLC bought a new stake in ProShares VIX Short-Term Futures ETF in the second quarter worth approximately $133,000. Verity Asset Management Inc. boosted its holdings in ProShares VIX Short-Term Futures ETF by 14.4% in the first quarter. Verity Asset Management Inc. now owns 11,773 shares of the company’s stock worth $153,000 after purchasing an additional 1,480 shares in the last quarter. PCG Wealth Advisors LLC boosted its holdings in ProShares VIX Short-Term Futures ETF by 29.2% in the second quarter. PCG Wealth Advisors LLC now owns 15,500 shares of the company’s stock worth $168,000 after purchasing an additional 3,500 shares in the last quarter. Mather Group LLC. acquired a new position in ProShares VIX Short-Term Futures ETF during the third quarter worth $184,000. Finally, Gruss & Co. LLC bought a new position in ProShares VIX Short-Term Futures ETF during the third quarter valued at about $245,000.
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.
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