ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Shares Gap Down to $16.24

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $15.86, but opened at $16.24. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $16.27, with a volume of 468,786 shares.

The stock has a 50-day simple moving average of $18.03 and a 200-day simple moving average of $27.40.

Hedge funds have recently made changes to their positions in the company. Simplex Trading LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth approximately $7,461,000. AMS Capital Ltda boosted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 581.8% in the second quarter. AMS Capital Ltda now owns 170,000 shares of the exchange traded fund’s stock worth $5,353,000 after purchasing an additional 145,066 shares during the last quarter. Morgan Stanley boosted its position in ProShares Ultra VIX Short-Term Futures ETF by 334.9% during the 2nd quarter. Morgan Stanley now owns 187,763 shares of the exchange traded fund’s stock valued at $5,913,000 after acquiring an additional 144,593 shares in the last quarter. Virtu Financial LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter valued at approximately $2,397,000. Finally, Tower Research Capital LLC TRC raised its position in ProShares Ultra VIX Short-Term Futures ETF by 65.3% during the third quarter. Tower Research Capital LLC TRC now owns 229,072 shares of the exchange traded fund’s stock valued at $5,965,000 after acquiring an additional 90,522 shares in the last quarter.

ProShares Ultra VIX Short-Term Futures ETF Company Profile (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

Further Reading: FTSE 100 Index

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