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

Shares of ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) reached a new 52-week low on Monday . The stock traded as low as $24.97 and last traded at $25.08, with a volume of 609113 shares traded. The stock had previously closed at $26.00.

ProShares Ultra VIX Short-Term Futures ETF Trading Up 8.3%

The stock has a fifty day moving average of $33.47 and a 200-day moving average of $38.86.

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

Several hedge funds have recently made changes to their positions in the business. Group One Trading LLC acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at approximately $15,731,000. HCEP Management Ltd acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter worth $19,956,000. JPMorgan Chase & Co. grew its position in ProShares Ultra VIX Short-Term Futures ETF by 141.4% in the third quarter. JPMorgan Chase & Co. now owns 489,465 shares of the company’s stock valued at $5,110,000 after purchasing an additional 286,712 shares in the last quarter. Bank of America Corp DE grew its position in ProShares Ultra VIX Short-Term Futures ETF by 44.3% in the third quarter. Bank of America Corp DE now owns 384,151 shares of the company’s stock valued at $4,011,000 after purchasing an additional 117,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in ProShares Ultra VIX Short-Term Futures ETF by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock valued at $7,970,000 after purchasing an additional 40,000 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.