ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) gapped down before the market opened on Thursday . The stock had previously closed at $45.68, but opened at $48.47. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $46.58, with a volume of 208771 shares trading hands.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 31.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 624,530 shares of the exchange traded fund’s stock valued at $7,707,000 after purchasing an additional 147,806 shares in the last quarter. Millennium Management LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter valued at $4,566,000. SeaCrest Wealth Management LLC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 437.8% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 65,210 shares of the exchange traded fund’s stock valued at $805,000 after purchasing an additional 53,085 shares in the last quarter. HRT Financial LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter valued at $774,000. Finally, Lakeview Capital Partners LLC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 61.5% during the 2nd quarter. Lakeview Capital Partners LLC now owns 21,000 shares of the exchange traded fund’s stock valued at $259,000 after purchasing an additional 8,000 shares in the last quarter.

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ProShares Ultra VIX Short-Term Futures ETF Company Profile (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

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