ProShares Ultra VIX Short-Term Futures ETF Stock Set to Reverse Split on Thursday, April 11th (BATS:UVXY)

ProShares Ultra VIX Short-Term Futures ETF (BATS:UVXYFree Report)’s stock is going to reverse split on the morning of Thursday, April 11th. The 1-5 reverse split was announced on Thursday, April 11th. The number of shares owned by shareholders will be adjusted after the market closes on Thursday, April 11th.

ProShares Ultra VIX Short-Term Futures ETF Price Performance

Shares of BATS UVXY opened at $6.33 on Tuesday. The firm has a fifty day moving average of $7.29 and a 200-day moving average of $10.73.

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 stock. Barclays PLC lifted its holdings in ProShares Ultra VIX Short-Term Futures ETF by 13.5% during the 3rd quarter. Barclays PLC now owns 23,954 shares of the company’s stock worth $388,000 after purchasing an additional 2,846 shares during the last quarter. Toronto Dominion Bank acquired a new position in ProShares Ultra VIX Short-Term Futures ETF during the third quarter valued at approximately $32,000. VitalStone Financial LLC acquired a new stake in ProShares Ultra VIX Short-Term Futures ETF in the second quarter valued at about $113,000. Seaview Investment Managers LLC acquired a new position in shares of ProShares Ultra VIX Short-Term Futures ETF in the third quarter valued at approximately $810,000. Finally, Private Capital Advisors Inc. bought a new stake in shares of ProShares Ultra VIX Short-Term Futures ETF in the 3rd quarter valued at about $252,000.

ProShares Ultra VIX Short-Term Futures ETF Company Profile

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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.

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