ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Stock Pass Below 200-Day Moving Average – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.16 and traded as low as $18.53. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $19.26, with a volume of 12,667,643 shares traded.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The business’s fifty day simple moving average is $24.01 and its 200-day simple moving average is $25.07.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UVXY. Creative Planning purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter worth approximately $513,000. Raffles Associates LP raised its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 300.0% during the third quarter. Raffles Associates LP now owns 100,000 shares of the company’s stock valued at $2,493,000 after acquiring an additional 75,000 shares in the last quarter. Integrated Advisors Network LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth $658,000. SG Americas Securities LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at $4,986,000. Finally, Vima LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter valued at $1,224,000.

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.