ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Gap Down to $58.97

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) gapped down prior to trading on Friday . The stock had previously closed at $61.44, but opened at $58.97. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $56.85, with a volume of 5488444 shares traded.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth approximately $4,566,000. Flow Traders U.S. LLC grew its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 155.4% in the third quarter. Flow Traders U.S. LLC now owns 316,423 shares of the exchange traded fund’s stock worth $11,644,000 after purchasing an additional 192,546 shares during the last quarter. Rational Advisors LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $382,000. Shamrock Asset Management LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $311,000. Finally, Simplex Trading LLC bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at $262,000.

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ProShares Ultra VIX Short-Term Futures ETF Company Profile (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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