Investors Buy High Volume of ProShares Ultra VIX Short-Term Futures ETF Call Options (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the recipient of some unusual options trading on Tuesday. Investors purchased 55,909 call options on the stock. This represents an increase of approximately 35% compared to the typical daily volume of 41,267 call options.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

ProShares Ultra VIX Short-Term Futures ETF stock opened at $52.30 on Wednesday. ProShares Ultra VIX Short-Term Futures ETF has a one year low of $33.95 and a one year high of $266.05. The company has a 50-day simple moving average of $43.03 and a 200-day simple moving average of $46.43.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. IMC Chicago LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter worth $266,000. Horizon Wealth Management LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $253,000. FNY Investment Advisers LLC raised its holdings in shares of 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 acquiring an additional 10,500 shares during the period. Ramsey Quantitative Systems purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter valued at approximately $926,000. Finally, NewEdge Advisors LLC purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at approximately $237,000.

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.