ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Short Interest Update

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) was the recipient of 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 trading volume of 8,526,625 shares, the days-to-cover ratio is presently 0.3 days. Currently, 11.9% of the company’s shares are sold short.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

UVXY stock opened at $28.73 on Friday. The firm’s 50-day moving average price is $36.33 and its two-hundred day moving average price is $40.15. ProShares Ultra VIX Short-Term Futures ETF has a 12-month low of $27.45 and a 12-month high of $118.70.

Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF

A number of hedge funds have recently modified their holdings of UVXY. EverSource Wealth Advisors LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the fourth quarter valued at about $144,000. BNP Paribas Financial Markets increased its position in shares of 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 valued at $154,000 after buying an additional 14,235 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. Horizon Wealth Management LLC purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter valued at about $253,000. Finally, Permanens Capital L.P. purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter valued at about $261,000.

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.