ProShares Ultra VIX Short-Term Futures ETF Sees Unusually High Options Volume (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) saw some unusual options trading activity on Friday. Investors bought 53,697 call options on the stock. This is an increase of 44% compared to the average volume of 37,299 call options.

Hedge Funds Weigh In On ProShares Ultra VIX Short-Term Futures ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Group One Trading LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at approximately $15,731,000. HCEP Management Ltd purchased a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the fourth quarter worth $19,956,000. JPMorgan Chase & Co. raised its stake in shares of ProShares Ultra VIX Short-Term Futures ETF by 141.4% in the third quarter. JPMorgan Chase & Co. now owns 489,465 shares of the company’s stock worth $5,110,000 after purchasing an additional 286,712 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 44.3% during the third quarter. Bank of America Corp DE now owns 384,151 shares of the company’s stock valued at $4,011,000 after purchasing an additional 117,900 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of ProShares Ultra VIX Short-Term Futures ETF by 13.3% during the first quarter. Goldman Sachs Group Inc. now owns 340,165 shares of the company’s stock valued at $7,970,000 after purchasing an additional 40,000 shares in the last quarter.

ProShares Ultra VIX Short-Term Futures ETF Stock Up 8.8%

ProShares Ultra VIX Short-Term Futures ETF stock traded up $2.06 during trading hours on Friday, hitting $25.44. The stock had a trading volume of 12,703,056 shares, compared to its average volume of 8,282,422. ProShares Ultra VIX Short-Term Futures ETF has a 12-month low of $22.66 and a 12-month high of $89.65. The stock’s 50-day moving average price is $28.91 and its 200-day moving average price is $36.82.

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.