ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sets New 12-Month Low – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $23.98 and last traded at $24.09, with a volume of 844173 shares changing hands. The stock had previously closed at $24.80.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The business has a 50 day simple moving average of $30.76 and a 200 day simple moving average of $37.56.

Institutional Trading of ProShares Ultra VIX Short-Term Futures ETF

Several hedge funds have recently made changes to their positions in UVXY. EverSource Wealth Advisors LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at approximately $144,000. BNP Paribas Financial Markets boosted its position in ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock valued at $154,000 after buying an additional 14,235 shares during the period. NewEdge Advisors LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth $237,000. Permanens Capital L.P. purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter worth $261,000. Finally, FNY Investment Advisers LLC increased its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 67.7% during the third quarter. FNY Investment Advisers LLC now owns 26,000 shares of the company’s stock worth $271,000 after acquiring an additional 10,500 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.