ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Down 6.6%

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ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) dropped 6.6% during trading on Thursday . The stock traded as low as $38.05 and last traded at $35.75. Approximately 551,279 shares traded hands during trading, a decline of 94% from the average daily volume of 9,299,591 shares. The stock had previously closed at $38.26.

Hedge funds and other institutional investors have recently modified their holdings of the business. Global Retirement Partners LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter valued at approximately $31,000. TCG Advisors LP acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter valued at approximately $103,000. JPMorgan Chase & Co. grew its stake in ProShares Ultra VIX Short-Term Futures ETF by 76.4% during the 1st quarter. JPMorgan Chase & Co. now owns 14,332 shares of the exchange traded fund’s stock valued at $558,000 after purchasing an additional 6,207 shares in the last quarter. Rational Advisors LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 1st quarter valued at approximately $565,000. Finally, Two Sigma Investments LP acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF during the 4th quarter valued at approximately $771,000.

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ProShares Ultra VIX Short-Term Futures ETF Company Profile (NYSEARCA:UVXY)

ProShares Ultra VIX Short-Term Futures ETF seeks daily investment results, before fees and expenses, that correspond to one and one-half times (1.5x) the daily performance of the S&P 500 VIX Short-Term Futures Index. UVXY provides leveraged exposure to the S&P 500 VIX Short-Term Futures Index, which measures the returns of a portfolio of monthly VIX futures contracts with a weighted average of one month to expiration.

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