ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Sees Unusually-High Trading Volume

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) shares saw an uptick in trading volume on Tuesday . 2,171,297 shares changed hands during mid-day trading, a decline of 90% from the previous session’s volume of 21,373,035 shares.The stock last traded at $16.49 and had previously closed at $16.31.

The business’s 50-day simple moving average is $18.77 and its two-hundred day simple moving average is $26.02.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp increased its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 110.0% during the third quarter. Fifth Third Bancorp now owns 4,200 shares of the exchange traded fund’s stock valued at $103,000 after acquiring an additional 2,200 shares during the period. Archford Capital Strategies LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth approximately $280,000. Creative Planning acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $423,000. Two Sigma Securities LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $438,000. Finally, Greystone Financial Group LLC grew its position in ProShares Ultra VIX Short-Term Futures ETF by 44.8% in the third quarter. Greystone Financial Group LLC now owns 20,254 shares of the exchange traded fund’s stock worth $497,000 after buying an additional 6,267 shares during the last quarter.

ProShares Ultra VIX Short-Term Futures ETF Company Profile (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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