Stock Traders Purchase Large Volume of ProShares Ultra VIX Short-Term Futures ETF Call Options (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) saw some unusual options trading on Friday. Stock traders acquired 86,989 call options on the stock. This represents an increase of 124% compared to the typical daily volume of 38,845 call options.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Atticus Wealth Management LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at about $143,000. IFP Advisors Inc acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at about $143,000. DV Trading LLC increased its position in ProShares Ultra VIX Short-Term Futures ETF by 653.8% in the 1st quarter. DV Trading LLC now owns 8,224 shares of the company’s stock valued at $430,000 after acquiring an additional 7,133 shares in the last quarter. Group One Trading LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the first quarter worth about $762,000. Finally, Archford Capital Strategies LLC bought a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the second quarter worth about $448,000.

ProShares Ultra VIX Short-Term Futures ETF Trading Up 15.2%

Shares of UVXY traded up $2.51 during mid-day trading on Friday, reaching $18.97. The company had a trading volume of 36,131,822 shares, compared to its average volume of 8,071,740. ProShares Ultra VIX Short-Term Futures ETF has a twelve month low of $15.69 and a twelve month high of $70.60. The company’s 50-day moving average is $18.15 and its 200-day moving average is $27.15.

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.