ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Shares Down 5.8%

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) were down 5.8% on Thursday . The stock traded as low as $28.78 and last traded at $28.81, approximately 23,774,900 shares traded hands during trading. An increase of 110% from the average daily volume of 11,312,017 shares. The stock had previously closed at $30.58.

The company has a 50 day simple moving average of $29.35 and a two-hundred day simple moving average of $32.51.

A number of hedge funds and other institutional investors have recently modified their holdings of UVXY. SG Americas Securities LLC grew its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 13.8% during the second quarter. SG Americas Securities LLC now owns 342,277 shares of the exchange traded fund’s stock valued at $10,778,000 after buying an additional 41,425 shares during the last quarter. Simplex Trading LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at approximately $7,461,000. Morgan Stanley grew its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 334.9% during the second quarter. Morgan Stanley now owns 187,763 shares of the exchange traded fund’s stock valued at $5,913,000 after buying an additional 144,593 shares during the last quarter. AMS Capital Ltda grew its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 581.8% during the second quarter. AMS Capital Ltda now owns 170,000 shares of the exchange traded fund’s stock valued at $5,353,000 after buying an additional 145,066 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 26.6% during the second quarter. Tower Research Capital LLC TRC now owns 138,550 shares of the exchange traded fund’s stock valued at $4,363,000 after buying an additional 29,110 shares during the last quarter.

About ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

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