ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sees Large Growth in Short Interest

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,508,221 shares, an increase of 104.8% from the April 30th total of 3,178,126 shares. Based on an average daily volume of 9,792,009 shares, the short-interest ratio is presently 0.7 days. Currently, 26.1% of the shares of the company are sold short.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

Shares of ProShares Ultra VIX Short-Term Futures ETF stock opened at $29.15 on Wednesday. The firm has a fifty day moving average price of $40.65 and a 200 day moving average price of $41.67. ProShares Ultra VIX Short-Term Futures ETF has a 1 year low of $28.26 and a 1 year high of $118.70.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Integrated Advisors Network LLC increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 3.1% in the third quarter. Integrated Advisors Network LLC now owns 40,500 shares of the company’s stock valued at $423,000 after buying an additional 1,200 shares in the last quarter. EverSource Wealth Advisors LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at $144,000. Wealth Enhancement Advisory Services LLC increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 68.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock valued at $219,000 after buying an additional 8,318 shares in the last quarter. Jump Financial LLC increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 47.9% in the fourth quarter. Jump Financial LLC now owns 31,679 shares of the company’s stock valued at $1,138,000 after buying an additional 10,259 shares in the last quarter. Finally, FNY Investment Advisers LLC increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 67.7% in the third quarter. FNY Investment Advisers LLC now owns 26,000 shares of the company’s stock valued at $271,000 after buying an additional 10,500 shares in the last quarter.

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.