ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) Shares Gap Down to $19.79

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $19.79, but opened at $19.08. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $18.77, with a volume of 531,842 shares.

The firm has a fifty day moving average of $23.10 and a 200 day moving average of $32.75.

Institutional investors and hedge funds have recently modified their holdings of the business. BDO Wealth Advisors LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the first quarter valued at approximately $62,000. Credit Suisse AG purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the first quarter valued at approximately $213,000. Goldman Sachs Group Inc. lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 204.9% in the first quarter. Goldman Sachs Group Inc. now owns 43,116 shares of the exchange traded fund’s stock valued at $244,000 after acquiring an additional 84,212 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of ProShares Ultra VIX Short-Term Futures ETF by 73.3% in the first quarter. Envestnet Asset Management Inc. now owns 45,867 shares of the exchange traded fund’s stock valued at $259,000 after acquiring an additional 19,398 shares in the last quarter. 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 approximately $280,000.

About ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

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