ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXY)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $25.45 and traded as low as $19.15. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $19.27, with a volume of 6,645,155 shares trading hands.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

The firm has a 50 day moving average of $24.99 and a 200-day moving average of $25.45.

Institutional Trading of ProShares Ultra VIX Short-Term Futures ETF

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its stake in ProShares Ultra VIX Short-Term Futures ETF by 6,615.3% in the 1st quarter. Jane Street Group LLC now owns 1,322,978 shares of the company’s stock valued at $8,361,000 after buying an additional 1,303,277 shares during the period. SG Americas Securities LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter worth $4,986,000. Creative Planning purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter worth $513,000. Vima LLC purchased a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF during the third quarter worth $1,224,000. Finally, Integrated Advisors Network LLC purchased a new position in ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at about $658,000.

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.