ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Stock Break Below 50 Day Moving Average – Here’s Why

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s stock price passed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $17.68 and traded as low as $17.18. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $17.33, with a volume of 7,772,269 shares changing hands.

ProShares Ultra VIX Short-Term Futures ETF Trading Down 3.0%

The business has a 50-day simple moving average of $17.68 and a 200 day simple moving average of $30.55.

Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF

Hedge funds have recently made changes to their positions in the business. Atticus Wealth Management LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at approximately $143,000. IFP Advisors Inc bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at approximately $143,000. DV Trading LLC lifted 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 worth $430,000 after acquiring an additional 7,133 shares during the period. Ramsey Quantitative Systems purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth $195,000. Finally, Group One Trading LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the first quarter worth $762,000.

ProShares Ultra VIX Short-Term Futures ETF Company 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.