ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sets New 12-Month Low – Here’s Why

Shares of ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) reached a new 52-week low on Monday . The company traded as low as $26.24 and last traded at $26.57, with a volume of 974837 shares changing hands. The stock had previously closed at $28.73.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The business’s fifty day moving average is $36.33 and its two-hundred day moving average is $40.00.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of UVXY. Goldman Sachs Group Inc. grew its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 13.3% in the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock valued at $7,970,000 after purchasing an additional 40,000 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 204.7% in the second quarter. JPMorgan Chase & Co. now owns 202,753 shares of the company’s stock valued at $3,802,000 after purchasing an additional 136,220 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at $237,000. Bank of America Corp DE grew its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 87.8% in the second quarter. Bank of America Corp DE now owns 266,251 shares of the company’s stock valued at $4,992,000 after purchasing an additional 124,450 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter worth $15,731,000.

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.