ProShares Ultra VIX Short-Term Futures ETF (UVXY) Trading Down 8.5%

ProShares Ultra VIX Short-Term Futures ETF (NYSEARCA:UVXY) traded down 8.5% on Monday . The company traded as low as $46.17 and last traded at $47.80. 6,060,004 shares were traded during trading, a decline of 24% from the average session volume of 7,953,424 shares. The stock had previously closed at $52.23.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SeaCrest Wealth Management LLC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 437.8% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 65,210 shares of the exchange traded fund’s stock worth $805,000 after acquiring an additional 53,085 shares in the last quarter. Lakeview Capital Partners LLC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 61.5% during the 2nd quarter. Lakeview Capital Partners LLC now owns 21,000 shares of the exchange traded fund’s stock worth $259,000 after acquiring an additional 8,000 shares in the last quarter. ING Groep NV acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth $205,000. Tower Research Capital LLC TRC grew its holdings in ProShares Ultra VIX Short-Term Futures ETF by 31.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 624,530 shares of the exchange traded fund’s stock worth $7,707,000 after acquiring an additional 147,806 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the 2nd quarter worth $4,566,000.

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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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