ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY – Get Free Report) saw a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,963,470 shares, a decline of 54.5% from the May 14th total of 6,508,221 shares. Based on an average daily trading volume, of 8,526,625 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.9% of the company’s shares are short sold.
ProShares Ultra VIX Short-Term Futures ETF Trading Down 6.8%
Shares of BATS UVXY opened at $28.73 on Friday. ProShares Ultra VIX Short-Term Futures ETF has a 1 year low of $27.45 and a 1 year high of $118.70. The company’s 50-day moving average is $36.33 and its 200 day moving average is $40.15.
Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF
Several hedge funds and other institutional investors have recently modified their holdings of UVXY. Goldman Sachs Group Inc. increased its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock valued at $7,970,000 after buying an additional 40,000 shares during the period. JPMorgan Chase & Co. increased its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 204.7% during the second quarter. JPMorgan Chase & Co. now owns 202,753 shares of the company’s stock valued at $3,802,000 after buying an additional 136,220 shares during the period. NewEdge Advisors LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the second quarter valued at about $237,000. Bank of America Corp DE boosted its stake in ProShares Ultra VIX Short-Term Futures ETF by 87.8% during the second quarter. Bank of America Corp DE now owns 266,251 shares of the company’s stock worth $4,992,000 after acquiring an additional 124,450 shares in the last quarter. Finally, Group One Trading LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF during the second quarter worth about $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.
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