ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Hits New 1-Year Low – Here’s Why

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXYGet Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $24.63 and last traded at $24.89, with a volume of 4198216 shares. The stock had previously closed at $25.71.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The company has a 50 day simple moving average of $32.50 and a two-hundred day simple moving average of $38.33.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC lifted its position in ProShares Ultra VIX Short-Term Futures ETF by 67.7% in the 3rd quarter. FNY Investment Advisers LLC now owns 26,000 shares of the company’s stock worth $271,000 after buying an additional 10,500 shares in the last quarter. HCEP Management Ltd purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter worth $19,956,000. Ramsey Quantitative Systems purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter worth $926,000. EverSource Wealth Advisors LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter valued at $144,000. Finally, Integrated Advisors Network LLC boosted its position in ProShares Ultra VIX Short-Term Futures ETF by 3.1% during the third quarter. Integrated Advisors Network LLC now owns 40,500 shares of the company’s stock valued at $423,000 after purchasing an additional 1,200 shares during the last quarter.

About ProShares Ultra VIX Short-Term Futures ETF

(Get Free Report)

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.

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