ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Reaches New 52-Week Low – Should You Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXYGet Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as $22.57 and last traded at $22.81, with a volume of 2296942 shares trading hands. The stock had previously closed at $23.27.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The firm’s 50 day moving average price is $26.62 and its two-hundred day moving average price is $35.99.

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

A number of institutional investors have recently bought and sold shares of UVXY. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at approximately $144,000. DV Trading LLC increased its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 653.8% during the 1st 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 last quarter. Jump Financial LLC increased its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 47.9% during the 4th quarter. Jump Financial LLC now owns 31,679 shares of the company’s stock worth $1,138,000 after acquiring an additional 10,259 shares during the last quarter. NewEdge Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at $237,000. Finally, BNP Paribas Financial Markets raised its stake in ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock valued at $154,000 after acquiring an additional 14,235 shares during the period.

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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