ProShares Ultra VIX Short-Term Futures ETF Stock Scheduled to Reverse Split on Thursday, November 20th (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) shares are scheduled to reverse split on Thursday, November 20th. The 1-5 reverse split was announced on Tuesday, November 4th. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, November 19th.

ProShares Ultra VIX Short-Term Futures ETF Stock Down 2.9%

Shares of UVXY stock opened at $10.83 on Friday. The business has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $16.11.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UVXY. Kiker Wealth Management LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth approximately $38,000. IFP Advisors Inc bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the first quarter worth $70,000. Castleview Partners LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the third quarter valued at $134,000. BNP Paribas Financial Markets increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock valued at $154,000 after acquiring an additional 14,235 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 68.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock worth $219,000 after purchasing an additional 8,318 shares in the last quarter.

ProShares Ultra VIX Short-Term Futures ETF Company Profile

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.