Gardner Lewis Asset Management L P Invests $285,000 in ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)

Gardner Lewis Asset Management L P purchased a new position in ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) during the 4th quarter, HoldingsChannel reports. The firm purchased 13,770 shares of the company’s stock, valued at approximately $285,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in UVXY. Simplex Trading LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter valued at about $1,000,000. SBI Securities Co. Ltd. acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at approximately $30,000. IMC Chicago LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter valued at approximately $4,917,000. SJS Investment Consulting Inc. acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter worth approximately $47,000. Finally, SG Americas Securities LLC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 35.0% in the 4th quarter. SG Americas Securities LLC now owns 270,039 shares of the company’s stock worth $5,595,000 after buying an additional 70,040 shares in the last quarter.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

UVXY opened at $20.82 on Friday. The firm has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $22.35.

ProShares Ultra VIX Short-Term Futures ETF Profile

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.