ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Shares Down 5%

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) dropped 5% during mid-day trading on Tuesday . The stock traded as low as $37.94 and last traded at $39.06. Approximately 7,827,625 shares traded hands during mid-day trading, The stock had previously closed at $41.10.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The firm’s 50 day moving average price is $35.06 and its 200-day moving average price is $49.08.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UVXY. IFP Advisors Inc raised its holdings in ProShares Ultra VIX Short-Term Futures ETF by 139.3% during the 2nd quarter. IFP Advisors Inc now owns 2,393 shares of the company’s stock worth $49,000 after buying an additional 1,393 shares during the period. Toronto Dominion Bank acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $32,000. Personal CFO Solutions LLC raised its holdings in ProShares Ultra VIX Short-Term Futures ETF by 14.9% during the 4th quarter. Personal CFO Solutions LLC now owns 16,143 shares of the company’s stock worth $136,000 after buying an additional 2,093 shares during the period. Barclays PLC raised its holdings in ProShares Ultra VIX Short-Term Futures ETF by 13.5% during the 3rd quarter. Barclays PLC now owns 23,954 shares of the company’s stock worth $388,000 after buying an additional 2,846 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 3rd quarter worth approximately $110,000.

About ProShares Ultra VIX Short-Term Futures ETF

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.