ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sets New 1-Year Low – Should You Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $33.95 and last traded at $34.31, with a volume of 2019627 shares changing hands. The stock had previously closed at $34.11.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The business has a 50 day simple moving average of $43.50 and a 200-day simple moving average of $42.93.

Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF

A number of institutional investors and hedge funds have recently modified their holdings of UVXY. Group One Trading LLC acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter valued at $15,731,000. HCEP Management Ltd acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at $19,956,000. JPMorgan Chase & Co. lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 141.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 489,465 shares of the company’s stock valued at $5,110,000 after acquiring an additional 286,712 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at $7,913,000. Finally, Bank of America Corp DE lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 87.8% during the 2nd quarter. Bank of America Corp DE now owns 266,251 shares of the company’s stock valued at $4,992,000 after acquiring an additional 124,450 shares during the last quarter.

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.