ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Gap Down to $40.80

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) shares gapped down before the market opened on Wednesday . The stock had previously closed at $39.62, but opened at $40.80. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $39.25, with a volume of 757929 shares.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Investments LP bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter worth approximately $771,000. Bluefin Trading LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter worth approximately $1,078,000. Deutsche Bank AG bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter worth approximately $101,823,000. Virtu Financial LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 1st quarter worth approximately $9,683,000. Finally, SG Americas Securities LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 1st quarter worth approximately $11,703,000.

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About ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

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