Stock Traders Purchase Large Volume of ProShares Ultra VIX Short-Term Futures ETF Call Options (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the recipient of unusually large options trading activity on Friday. Traders acquired 86,989 call options on the stock. This represents an increase of approximately 124% compared to the typical volume of 38,845 call options.

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

Hedge funds have recently added to or reduced their stakes in the company. Atticus Wealth Management LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at $143,000. IFP Advisors Inc bought a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth about $143,000. DV Trading LLC boosted its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 653.8% during the 1st quarter. DV Trading LLC now owns 8,224 shares of the company’s stock worth $430,000 after buying an additional 7,133 shares during the last quarter. Group One Trading LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter worth about $762,000. Finally, Archford Capital Strategies LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at about $448,000.

ProShares Ultra VIX Short-Term Futures ETF Stock Up 15.2%

BATS:UVXY traded up $2.51 during trading hours on Friday, hitting $18.97. 36,131,822 shares of the stock were exchanged, compared to its average volume of 8,071,740. The company’s 50 day moving average is $18.15 and its two-hundred day moving average is $27.15. ProShares Ultra VIX Short-Term Futures ETF has a twelve month low of $15.69 and a twelve month high of $70.60.

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.