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)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $21.30 and last traded at $21.34, with a volume of 507127 shares. The stock had previously closed at $21.62.

ProShares Ultra VIX Short-Term Futures ETF Stock Down 1.6%

The firm has a 50 day simple moving average of $25.79 and a two-hundred day simple moving average of $35.52.

Institutional Trading of ProShares Ultra VIX Short-Term Futures ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. HCEP Management Ltd bought a new position in ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter worth approximately $19,956,000. EverSource Wealth Advisors LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at approximately $144,000. Prelude Capital Management LLC increased its stake in ProShares Ultra VIX Short-Term Futures ETF by 107.4% in the third quarter. Prelude Capital Management LLC now owns 116,446 shares of the company’s stock valued at $1,216,000 after purchasing an additional 60,302 shares in the last quarter. Permanens Capital L.P. acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth $261,000. Finally, Bank of America Corp DE raised its holdings 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 worth $4,011,000 after purchasing an additional 117,900 shares during the period.

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.