ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY – Get Free Report) saw some unusual options trading on Friday. Stock investors bought 136,227 call options on the company. This is an increase of 229% compared to the average volume of 41,451 call options.
Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. AXQ Capital LP bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth about $1,076,000. Capelight Capital Asset Management LP purchased a new position in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $5,004,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter valued at $262,000. Ramsey Quantitative Systems acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at about $195,000. Finally, Archford Capital Strategies LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth approximately $448,000.
ProShares Ultra VIX Short-Term Futures ETF Stock Up 15.4%
Shares of BATS:UVXY opened at $19.33 on Friday. The company has a 50 day moving average of $17.62 and a 200-day moving average of $30.38. ProShares Ultra VIX Short-Term Futures ETF has a twelve month low of $15.69 and a twelve month high of $68.48.
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.
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