ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Hits New 12-Month Low – Should You Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.95 and last traded at $34.31, with a volume of 2019627 shares traded. The stock had previously closed at $34.11.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The stock has a 50-day moving average price of $42.89 and a 200-day moving average price of $42.66.

Institutional Trading of ProShares Ultra VIX Short-Term Futures ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. IMC Chicago LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter worth about $266,000. FNY Investment Advisers LLC lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 67.7% during the third quarter. FNY Investment Advisers LLC now owns 26,000 shares of the company’s stock worth $271,000 after purchasing an additional 10,500 shares during the last quarter. Horizon Wealth Management LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth about $253,000. Ramsey Quantitative Systems acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter worth about $926,000. Finally, Integrated Advisors Network LLC grew its stake in ProShares Ultra VIX Short-Term Futures ETF by 3.1% in the third quarter. Integrated Advisors Network LLC now owns 40,500 shares of the company’s stock worth $423,000 after purchasing an additional 1,200 shares in the last quarter.

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.