ProShares Ultra VIX Short-Term Futures ETF Sees Unusually High Options Volume (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the target of unusually large options trading on Friday. Stock investors acquired 53,697 call options on the company. This is an increase of approximately 44% compared to the average daily volume of 37,299 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Group One Trading LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth approximately $15,731,000. HCEP Management Ltd purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at $19,956,000. JPMorgan Chase & Co. raised its stake in 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 buying an additional 286,712 shares during the last quarter. Focus Partners Wealth bought a new position 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 holdings 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 buying an additional 124,450 shares during the period.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

UVXY traded up $2.06 during midday trading on Friday, hitting $25.44. 12,703,056 shares of the company traded hands, compared to its average volume of 8,282,422. The company’s 50-day moving average is $28.91 and its 200 day moving average is $36.82. ProShares Ultra VIX Short-Term Futures ETF has a 52 week low of $22.66 and a 52 week high of $89.65.

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.