ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Hits New 52-Week Low – What’s Next?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) shares hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $31.04 and last traded at $31.41, with a volume of 9102855 shares trading hands. The stock had previously closed at $32.91.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The firm has a 50 day moving average of $42.11 and a 200-day moving average of $42.37.

Institutional Trading of ProShares Ultra VIX Short-Term Futures ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in UVXY. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at approximately $144,000. BNP Paribas Financial Markets raised its stake in ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock valued at $154,000 after purchasing an additional 14,235 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in ProShares Ultra VIX Short-Term Futures ETF by 68.8% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock worth $219,000 after acquiring an additional 8,318 shares during the last quarter. NewEdge Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth approximately $237,000. Finally, Horizon Wealth Management LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter worth approximately $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.