ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Shares Gap Down to $10.96

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $11.28, but opened at $10.96. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $10.72, with a volume of 8,729,746 shares.

The stock has a fifty day moving average price of $11.75 and a 200 day moving average price of $20.09.

Institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its stake in shares of 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 worth $5,913,000 after acquiring an additional 144,593 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $2,397,000. Tower Research Capital LLC TRC lifted its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 65.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 229,072 shares of the exchange traded fund’s stock worth $5,965,000 after acquiring an additional 90,522 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter worth approximately $603,000. Finally, Creative Planning bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter worth approximately $267,000.

About ProShares Ultra VIX Short-Term Futures ETF (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: What are no-load funds?

Receive News & Ratings for ProShares Ultra VIX Short-Term Futures ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares Ultra VIX Short-Term Futures ETF and related companies with MarketBeat.com's FREE daily email newsletter.