ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Sees Large Increase in Short Interest

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 6,508,221 shares, an increase of 104.8% from the April 30th total of 3,178,126 shares. Based on an average daily trading volume, of 9,792,009 shares, the short-interest ratio is currently 0.7 days. Approximately 26.1% of the shares of the company are short sold.

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

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter valued at about $144,000. NewEdge Advisors LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at about $237,000. Group One Trading LLC bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the first quarter valued at about $762,000. BNP Paribas Financial Markets lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 2,542.0% during the third quarter. BNP Paribas Financial Markets now owns 14,795 shares of the company’s stock worth $154,000 after purchasing an additional 14,235 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in ProShares Ultra VIX Short-Term Futures ETF by 68.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 20,400 shares of the company’s stock worth $219,000 after purchasing an additional 8,318 shares during the period.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

BATS UVXY opened at $28.77 on Monday. The firm has a 50-day simple moving average of $41.03 and a 200 day simple moving average of $41.84. ProShares Ultra VIX Short-Term Futures ETF has a twelve month low of $28.26 and a twelve month high of $119.45.

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.