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 set 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 closing bell on Wednesday, November 6th.

ProShares VIX Short-Term Futures ETF Stock Down 0.5 %

VIXY opened at $12.95 on Wednesday. The stock’s 50 day moving average price is $12.56 and its two-hundred day moving average price is $12.24.

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

A number of large investors have recently modified their holdings of VIXY. Alhambra Investment Management LLC acquired a new position in shares of ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at $133,000. Verity Asset Management Inc. increased its stake in 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 period. PCG Wealth Advisors LLC raised its holdings in ProShares VIX Short-Term Futures ETF by 29.2% during 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 stake in shares of ProShares VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $184,000. Finally, Gruss & Co. LLC acquired a new stake in ProShares VIX Short-Term Futures ETF in the third quarter valued at $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.