ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Share Price Break Above Fifty Day Moving Average – Here’s Why

Shares of ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) passed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $17.65 and traded as high as $23.67. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $23.61, with a volume of 49,547,061 shares trading hands.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The firm’s 50-day simple moving average is $17.65 and its 200 day simple moving average is $30.06.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Capelight Capital Asset Management LP bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at approximately $5,004,000. Simplex Trading LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $2,560,000. AXQ Capital LP bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth approximately $1,076,000. Archford Capital Strategies LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth approximately $448,000. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $262,000.

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.