ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY – Get Free Report)’s stock price shot up 1.4% during mid-day trading on Monday. The company traded as high as $17.48 and last traded at $17.08. 8,419,010 shares were traded during mid-day trading, an increase of 5% from the average session volume of 7,988,953 shares. The stock had previously closed at $16.85.
ProShares Ultra VIX Short-Term Futures ETF Price Performance
The company has a 50 day simple moving average of $20.07 and a 200-day simple moving average of $30.30.
Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HCEP Management Ltd purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter valued at about $19,956,000. AXQ Capital LP purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth about $1,076,000. Archford Capital Strategies LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at approximately $448,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the first quarter valued at approximately $762,000. Finally, DV Trading LLC raised its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 653.8% in the first quarter. DV Trading LLC now owns 8,224 shares of the company’s stock valued at $430,000 after purchasing an additional 7,133 shares during the period.
About ProShares Ultra VIX Short-Term Futures ETF
The ProShares Ultra VIX Short-Term Futures ETF (UVXY) is an exchange-traded fund that is based on the S&P 500 VIX Short-Term Futures index. The fund provides 1.5x leveraged exposure to an index comprising first- and second-month VIX futures positions with a weighted average maturity of one month. UVXY was launched on Oct 3, 2011 and is managed by ProShares.
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