ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Stock Price Down 5%

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) shares dropped 5% during mid-day trading on Tuesday . The company traded as low as $37.94 and last traded at $39.06. Approximately 7,827,625 shares changed hands during mid-day trading, The stock had previously closed at $41.10.

ProShares Ultra VIX Short-Term Futures ETF Stock Down 5.0 %

The company’s 50 day moving average is $35.00 and its 200 day moving average is $49.15.

Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlueChip Wealth Advisors LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter valued at approximately $238,000. Bizma Investimentos Ltda acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at $2,532,000. Cantor Fitzgerald L. P. purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter worth about $92,000. Personal CFO Solutions LLC increased its holdings in ProShares Ultra VIX Short-Term Futures ETF by 14.9% during the 4th quarter. Personal CFO Solutions LLC now owns 16,143 shares of the company’s stock valued at $136,000 after acquiring an additional 2,093 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in ProShares Ultra VIX Short-Term Futures ETF by 183.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 394,115 shares of the company’s stock worth $3,326,000 after acquiring an additional 255,084 shares during the last quarter.

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.