ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Trading Down 2.9% – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s share price were down 2.9% during trading on Wednesday . The stock traded as low as $35.74 and last traded at $36.37. Approximately 7,533,701 shares were traded during mid-day trading, a decline of 9% from the average daily volume of 8,275,139 shares. The stock had previously closed at $37.46.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The company has a 50-day moving average price of $44.79 and a 200 day moving average price of $44.31.

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

Several large investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter worth about $144,000. BNP Paribas Financial Markets lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% in the third quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock worth $154,000 after buying an additional 14,235 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 68.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock worth $219,000 after buying an additional 8,318 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth about $237,000. Finally, Horizon Wealth Management LLC purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth about $253,000.

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.