ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Hits New 52-Week Low – Should You Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) reached a new 52-week low during trading on Monday . The company traded as low as $20.00 and last traded at $20.13, with a volume of 801251 shares changing hands. The stock had previously closed at $20.10.

ProShares Ultra VIX Short-Term Futures ETF Stock Up 0.2%

The business’s 50-day moving average is $24.93 and its two-hundred day moving average is $34.97.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its position in ProShares Ultra VIX Short-Term Futures ETF by 13.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock worth $7,970,000 after acquiring an additional 40,000 shares during the period. JPMorgan Chase & Co. raised its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 204.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 202,753 shares of the company’s stock worth $3,802,000 after buying an additional 136,220 shares in the last quarter. NewEdge Advisors LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the second quarter worth $237,000. Bank of America Corp DE raised its position in ProShares Ultra VIX Short-Term Futures ETF by 87.8% in the second quarter. Bank of America Corp DE now owns 266,251 shares of the company’s stock worth $4,992,000 after acquiring an additional 124,450 shares in the last quarter. Finally, Group One Trading LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth $15,731,000.

ProShares Ultra VIX Short-Term Futures ETF Company Profile

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.