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

Shares of ProShares VIX Short-Term Futures ETF (BATS:VIXY) are going to reverse split before the market opens 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 Performance

Shares of VIXY stock opened at $12.95 on Wednesday. The business’s 50 day moving average is $12.56 and its 200 day moving average is $12.24.

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

Several large investors have recently made changes to their positions in VIXY. Rockport Wealth LLC acquired a new position in ProShares VIX Short-Term Futures ETF in the 1st quarter worth $4,542,000. National Bank of Canada FI boosted its position in shares of ProShares VIX Short-Term Futures ETF by 1.9% during the second quarter. National Bank of Canada FI now owns 101,268 shares of the company’s stock worth $1,048,000 after buying an additional 1,879 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in shares of ProShares VIX Short-Term Futures ETF during the second quarter worth about $576,000. International Assets Investment Management LLC grew its holdings in shares of ProShares VIX Short-Term Futures ETF by 29,125.1% during the third quarter. International Assets Investment Management LLC now owns 51,144 shares of the company’s stock worth $627,000 after buying an additional 50,969 shares in the last quarter. Finally, SG Americas Securities LLC raised its position in ProShares VIX Short-Term Futures ETF by 19.3% in the 1st quarter. SG Americas Securities LLC now owns 34,801 shares of the company’s stock valued at $451,000 after buying an additional 5,618 shares during the last quarter.

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.