ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Gap Up to $47.69

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) shares gapped up before the market opened on Thursday . The stock had previously closed at $45.97, but opened at $47.69. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $48.86, with a volume of 9439419 shares.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Shamrock Asset Management LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $311,000. Flow Traders U.S. LLC grew its stake in ProShares Ultra VIX Short-Term Futures ETF by 155.4% in the 3rd quarter. Flow Traders U.S. LLC now owns 316,423 shares of the exchange traded fund’s stock valued at $11,644,000 after purchasing an additional 192,546 shares during the period. Rational Advisors LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at $382,000. Simplex Trading LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at $262,000. Finally, Two Sigma Investments LP bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 4th quarter valued at $771,000.

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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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