ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Reaches New 12-Month Low – Here’s What Happened

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $23.06 and last traded at $23.09, with a volume of 5646179 shares. The stock had previously closed at $23.80.

ProShares Ultra VIX Short-Term Futures ETF Stock Down 4.1%

The stock’s fifty day moving average price is $29.43 and its 200-day moving average price is $37.02.

Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter worth about $144,000. DV Trading LLC grew its stake in ProShares Ultra VIX Short-Term Futures ETF by 653.8% in the first quarter. DV Trading LLC now owns 8,224 shares of the company’s stock valued at $430,000 after purchasing an additional 7,133 shares in the last quarter. NewEdge Advisors LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth approximately $237,000. Group One Trading LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter worth approximately $762,000. Finally, BNP Paribas Financial Markets raised its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock worth $154,000 after purchasing an additional 14,235 shares in the last quarter.

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.