ProShares Ultra VIX Short-Term Futures ETF Sees Unusually High Options Volume (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) saw some unusual options trading activity on Friday. Investors bought 53,697 call options on the stock. This represents an increase of approximately 44% compared to the typical volume of 37,299 call options.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

UVXY opened at $25.44 on Friday. ProShares Ultra VIX Short-Term Futures ETF has a fifty-two week low of $22.66 and a fifty-two week high of $89.65. The company’s 50-day moving average is $28.69 and its 200 day moving average is $36.74.

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

Hedge funds have recently modified their holdings of the company. Group One Trading LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at approximately $15,731,000. HCEP Management Ltd purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter valued at approximately $19,956,000. JPMorgan Chase & Co. increased its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 141.4% during the third quarter. JPMorgan Chase & Co. now owns 489,465 shares of the company’s stock valued at $5,110,000 after acquiring an additional 286,712 shares during the last quarter. Bank of America Corp DE lifted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 44.3% during the third quarter. Bank of America Corp DE now owns 384,151 shares of the company’s stock worth $4,011,000 after acquiring an additional 117,900 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock worth $7,970,000 after acquiring an additional 40,000 shares during the period.

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.