ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Trading Down 1.7% – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) shares fell 1.7% during trading on Tuesday . The stock traded as low as $35.67 and last traded at $36.12. 4,988,472 shares were traded during mid-day trading, The stock had previously closed at $36.76.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The business has a fifty day simple moving average of $48.56 and a two-hundred day simple moving average of $64.17.

Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC grew its position in ProShares Ultra VIX Short-Term Futures ETF by 67.7% during 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 during the period. Prelude Capital Management LLC boosted its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 107.4% during the 3rd quarter. Prelude Capital Management LLC now owns 116,446 shares of the company’s stock worth $1,216,000 after acquiring an additional 60,302 shares during the last quarter. Permanens Capital L.P. purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth $261,000. Bank of America Corp DE grew its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 44.3% during the 3rd quarter. Bank of America Corp DE now owns 384,151 shares of the company’s stock valued at $4,011,000 after acquiring an additional 117,900 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of 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 worth $154,000 after purchasing an additional 14,235 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.