ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Stock Jumps 1.4% – What’s Next?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s share price were up 1.4% on Monday. The company traded as high as $17.48 and last traded at $17.08. Approximately 8,419,010 shares were traded during mid-day trading, an increase of 5% from the average session volume of 7,988,953 shares. The stock had previously closed at $16.85.

ProShares Ultra VIX Short-Term Futures ETF Trading Up 1.4%

The business’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $30.30.

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

Several hedge funds have recently made changes to their positions in UVXY. HCEP Management Ltd bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at $19,956,000. AXQ Capital LP purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth about $1,076,000. Group One Trading LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 1st quarter worth about $762,000. Archford Capital Strategies LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth about $448,000. Finally, DV Trading LLC boosted its stake in ProShares Ultra VIX Short-Term Futures ETF by 653.8% in the 1st quarter. DV Trading LLC now owns 8,224 shares of the company’s stock worth $430,000 after purchasing an additional 7,133 shares during the period.

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.