ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Shares Gap Down to $16.95

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXYGet Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $16.95, but opened at $16.58. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $16.69, with a volume of 793,798 shares traded.

The stock has a 50-day moving average of $15.25 and a 200-day moving average of $15.54.

A number of hedge funds have recently modified their holdings of UVXY. Shay Capital LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the first quarter valued at approximately $135,000. RBF Capital LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter worth approximately $162,000. Tairen Capital Ltd purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 1st quarter valued at $6,376,000. Lansdowne Partners UK LLP purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the first quarter valued at about $561,000. Finally, Flow Traders U.S. LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the first quarter worth about $1,103,000.

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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