ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Trading Up 16.8% – Should You Buy?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) rose 16.8% during mid-day trading on Wednesday . The company traded as high as $42.4999 and last traded at $41.51. Approximately 16,927,849 shares changed hands during mid-day trading, The stock had previously closed at $35.54.

ProShares Ultra VIX Short-Term Futures ETF Trading Down 13.8%

The stock’s fifty day simple moving average is $43.18 and its two-hundred day simple moving average is $56.74.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Integrated Advisors Network LLC lifted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 3.1% during the 3rd quarter. Integrated Advisors Network LLC now owns 40,500 shares of the company’s stock worth $423,000 after buying an additional 1,200 shares during the period. Kiker Wealth Management LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth approximately $38,000. FNY Investment Advisers LLC boosted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 29.2% in the second quarter. FNY Investment Advisers LLC now owns 15,500 shares of the company’s stock valued at $290,000 after acquiring an additional 3,500 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 68.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock valued at $219,000 after acquiring an additional 8,318 shares during the last quarter. Finally, NewEdge Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at approximately $237,000.

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.