ProShares Ultra VIX Short-Term Futures ETF (UVXY) Shares Gap Up to $52.91

Shares of ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) gapped up before the market opened on Thursday . The stock had previously closed at $51.54, but opened at $52.91. ProShares Ultra VIX Short-Term Futures ETF shares last traded at $54.55, with a volume of 4915706 shares.

A number of hedge funds have recently modified their holdings of the stock. ING Groep NV purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 2nd quarter valued at approximately $205,000. Lakeview Capital Partners LLC boosted 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 valued at $259,000 after purchasing an additional 8,000 shares in the last quarter. Simplex Trading LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $262,000. Shamrock Asset Management LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $311,000. Finally, Rational Advisors LLC purchased a new stake in ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at approximately $382,000.

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About ProShares Ultra VIX Short-Term Futures ETF (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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