ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Share Price Pass Below Two Hundred Day Moving Average – Should You Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXYGet Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.45 and traded as low as $19.15. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $19.27, with a volume of 6,645,155 shares traded.

ProShares Ultra VIX Short-Term Futures ETF Trading Down 2.8 %

The company’s fifty day moving average price is $24.99 and its 200 day moving average price is $25.43.

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

A number of large investors have recently added to or reduced their stakes in UVXY. Jane Street Group LLC lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 6,615.3% during the 1st quarter. Jane Street Group LLC now owns 1,322,978 shares of the company’s stock valued at $8,361,000 after acquiring an additional 1,303,277 shares during the period. SG Americas Securities LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the third quarter worth about $4,986,000. Raffles Associates LP increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 300.0% in the 3rd quarter. Raffles Associates LP now owns 100,000 shares of the company’s stock valued at $2,493,000 after buying an additional 75,000 shares during the period. Vima LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $1,224,000. Finally, Integrated Advisors Network LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $658,000.

ProShares Ultra VIX Short-Term Futures ETF Company Profile

(Get Free Report)

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.

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