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

ProShares VIX Short-Term Futures ETF (BATS:VIXY) shares 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 market closes on Wednesday, November 6th.

ProShares VIX Short-Term Futures ETF Trading Down 0.5 %

VIXY opened at $12.95 on Wednesday. The company’s fifty day simple moving average is $12.56 and its 200 day simple moving average is $12.24.

Hedge Funds Weigh In On ProShares VIX Short-Term Futures ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rockport Wealth LLC acquired a new stake in shares of ProShares VIX Short-Term Futures ETF in the first quarter valued at $4,542,000. B. Riley Wealth Advisors Inc. acquired a new stake in ProShares VIX Short-Term Futures ETF in the 2nd quarter valued at about $576,000. International Assets Investment Management LLC lifted its holdings in ProShares VIX Short-Term Futures ETF by 29,125.1% in the 3rd quarter. International Assets Investment Management LLC now owns 51,144 shares of the company’s stock valued at $627,000 after acquiring an additional 50,969 shares during the last quarter. Integrated Advisors Network LLC bought a new position in shares of ProShares VIX Short-Term Futures ETF during the 3rd quarter valued at about $349,000. Finally, Gruss & Co. LLC bought a new stake in ProShares VIX Short-Term Futures ETF during the third quarter worth approximately $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.