ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Shares Break Above Fifty Day Moving Average – Time to Sell?

Shares of ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $17.65 and traded as high as $23.67. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $23.61, with a volume of 49,547,061 shares trading hands.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The company has a 50-day simple moving average of $17.75 and a two-hundred day simple moving average of $30.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Simplex Trading LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter valued at $2,560,000. Capelight Capital Asset Management LP bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter worth $5,004,000. Ramsey Quantitative Systems purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at about $195,000. Axxcess Wealth Management LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at about $262,000. Finally, Archford Capital Strategies LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at about $448,000.

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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