ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXYGet Free Report)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.45 and traded as low as $19.15. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $19.27, with a volume of 6,645,155 shares.

ProShares Ultra VIX Short-Term Futures ETF Stock Performance

The stock’s 50-day moving average is $24.99 and its 200-day moving average is $25.45.

Institutional Investors Weigh In On ProShares Ultra VIX Short-Term Futures ETF

Institutional investors have recently added to or reduced their stakes in the company. Raffles Associates LP raised its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 300.0% in the third quarter. Raffles Associates LP now owns 100,000 shares of the company’s stock valued at $2,493,000 after purchasing an additional 75,000 shares in the last quarter. Integrated Advisors Network LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at $658,000. Vima LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth about $1,224,000. Creative Planning bought a new stake in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at about $513,000. Finally, SG Americas Securities LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth about $4,986,000.

About ProShares Ultra VIX Short-Term Futures ETF

(Get Free Report)

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.

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