ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Stock Jumps 1.4% – What’s Next?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) rose 1.4% during trading on Monday. The stock traded as high as $17.48 and last traded at $17.08. 8,419,010 shares traded hands during trading, an increase of 5% from the average daily volume of 7,988,953 shares. The stock had previously closed at $16.85.

ProShares Ultra VIX Short-Term Futures ETF Stock Up 0.2%

The firm’s fifty day moving average price is $19.94 and its 200 day moving average price is $30.10.

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

Several hedge funds have recently added to or reduced their stakes in UVXY. Archford Capital Strategies LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at about $448,000. IFP Advisors Inc purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at approximately $143,000. AXQ Capital LP purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at approximately $1,076,000. Atticus Wealth Management LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at approximately $143,000. Finally, DV Trading LLC lifted its holdings 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 acquiring an additional 7,133 shares during the period.

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.