ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) shares are set to reverse split on Tuesday, September 18th. The 1-5 reverse split was announced on Wednesday, August 29th. The number of shares owned by shareholders will be adjusted after the market closes on Monday, September 17th.

Shares of UVXY opened at $7.89 on Friday. ProShares Ultra VIX Short-Term Futures ETF has a twelve month low of $7.88 and a twelve month high of $30.18.

A number of institutional investors and hedge funds have recently made changes to their positions in UVXY. ING Groep NV bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth $205,000. Lakeview Capital Partners LLC raised its holdings in ProShares Ultra VIX Short-Term Futures ETF by 61.5% in the 2nd quarter. Lakeview Capital Partners LLC now owns 21,000 shares of the exchange traded fund’s stock worth $259,000 after purchasing an additional 8,000 shares in the last quarter. HRT Financial LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth $774,000. SeaCrest Wealth Management LLC raised its holdings in ProShares Ultra VIX Short-Term Futures ETF by 437.8% in the 2nd quarter. SeaCrest Wealth Management LLC now owns 65,210 shares of the exchange traded fund’s stock worth $805,000 after purchasing an additional 53,085 shares in the last quarter. Finally, Millennium Management LLC bought a new position in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter worth $4,566,000.

ProShares Ultra VIX Short-Term Futures ETF Company Profile

ProShares Ultra Silver (the Fund) seeks to provide daily investment results that correspond to twice (200%) the daily performance as measured by the United States dollar fixing price for delivery in London. The Fund will not directly or physically hold the underlying silver, but instead will seek exposure to silver through the use of financial instruments, whose value is based on the underlying price of silver to pursue their investment objective.

See Also: Earnings Per Share (EPS) Explained

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