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

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares are going to reverse split on 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 Stock Performance

Shares of ProShares VIX Short-Term Futures ETF stock opened at $14.05 on Friday. The firm has a 50-day simple moving average of $12.69 and a two-hundred day simple moving average of $12.23.

Institutional Trading of ProShares VIX Short-Term Futures ETF

Institutional investors have recently made changes to their positions in the business. Verity Asset Management Inc. lifted its stake in ProShares VIX Short-Term Futures ETF by 14.4% during 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 during the period. Alhambra Investment Management LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at approximately $133,000. Mather Group LLC. acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the 3rd quarter worth approximately $184,000. PCG Wealth Advisors LLC lifted its position in shares of ProShares VIX Short-Term Futures ETF by 29.2% during the 2nd quarter. PCG Wealth Advisors LLC now owns 15,500 shares of the company’s stock worth $168,000 after buying an additional 3,500 shares during the period. Finally, Gruss & Co. LLC acquired a new stake in ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at $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.