ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Gap Down to $63.50

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) shares gapped down before the market opened on Thursday . The stock had previously closed at $64.34, but opened at $63.50. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $62.69, with a volume of 294010 shares changing hands.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at approximately $262,000. Shamrock Asset Management LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at approximately $311,000. Rational Advisors LLC acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth approximately $382,000. Flow Traders U.S. LLC boosted its stake 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 acquiring an additional 192,546 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth approximately $4,566,000.

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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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