ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sees Large Increase in Short Interest

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,508,221 shares, an increase of 104.8% from the April 30th total of 3,178,126 shares. Approximately 26.1% of the shares of the stock are short sold. Based on an average daily volume of 9,792,009 shares, the short-interest ratio is presently 0.7 days.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

Shares of UVXY opened at $28.77 on Monday. ProShares Ultra VIX Short-Term Futures ETF has a 12 month low of $28.26 and a 12 month high of $119.45. The company has a 50-day moving average price of $41.03 and a two-hundred day moving average price of $41.84.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UVXY. Goldman Sachs Group Inc. lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock worth $7,970,000 after purchasing an additional 40,000 shares during the period. JPMorgan Chase & Co. lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 204.7% during the second quarter. JPMorgan Chase & Co. now owns 202,753 shares of the company’s stock worth $3,802,000 after purchasing an additional 136,220 shares during the period. NewEdge Advisors LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter worth about $237,000. Bank of America Corp DE lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 87.8% during the second quarter. Bank of America Corp DE now owns 266,251 shares of the company’s stock worth $4,992,000 after purchasing an additional 124,450 shares during the period. Finally, Group One Trading LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter worth about $15,731,000.

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.