ProShares VIX Short-Term Futures ETF (BATS:VIXY) Shares to Reverse Split on Thursday, November 7th

ProShares VIX Short-Term Futures ETF (BATS:VIXY)’s stock is scheduled 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 market closes on Wednesday, November 6th.

ProShares VIX Short-Term Futures ETF Trading Down 4.4 %

BATS:VIXY opened at $13.43 on Tuesday. The company has a fifty day simple moving average of $12.75 and a 200-day simple moving average of $12.20.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Several hedge funds and other institutional investors have recently made changes to their positions in VIXY. Alhambra Investment Management LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the second quarter worth $133,000. Verity Asset Management Inc. grew its position in shares of ProShares VIX Short-Term Futures ETF by 14.4% in the 1st quarter. Verity Asset Management Inc. now owns 11,773 shares of the company’s stock valued at $153,000 after buying an additional 1,480 shares during the last quarter. PCG Wealth Advisors LLC increased its stake in shares of 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 valued at $168,000 after buying an additional 3,500 shares during the period. Mather Group LLC. acquired a new stake in shares of ProShares VIX Short-Term Futures ETF in the third quarter valued at about $184,000. Finally, Gruss & Co. LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the third quarter worth about $245,000.

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.