ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Trading Down 2.5%

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) shares were down 2.5% on Friday . The company traded as low as $20.55 and last traded at $21.04. Approximately 8,334,433 shares were traded during mid-day trading, The stock had previously closed at $21.59.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The business has a 50-day simple moving average of $24.72 and a two-hundred day simple moving average of $32.48.

Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF

A number of institutional investors have recently added to or reduced their stakes in the company. FNY Investment Advisers LLC increased its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 100.0% in the fourth quarter. FNY Investment Advisers LLC now owns 20,000 shares of the company’s stock valued at $168,000 after buying an additional 10,000 shares in the last quarter. Simplex Trading LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at $3,373,000. IMC Chicago LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at $1,095,000. Tower Research Capital LLC TRC increased its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 183.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 394,115 shares of the company’s stock valued at $3,326,000 after buying an additional 255,084 shares in the last quarter. Finally, Personal CFO Solutions LLC increased its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 14.9% in the fourth quarter. Personal CFO Solutions LLC now owns 16,143 shares of the company’s stock valued at $136,000 after buying an additional 2,093 shares in the last quarter.

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.