2x Long VIX Futures ETF (BATS:UVIX) Stock Price Down 15.4%

2x Long VIX Futures ETF (BATS:UVIX) shares fell 15.4% during trading on Monday . The stock traded as low as $9.82 and last traded at $10.08. 7,695,548 shares were traded during trading, The stock had previously closed at $11.91.

2x Long VIX Futures ETF Trading Down 2.2 %

The stock has a 50-day moving average price of $10.08 and a two-hundred day moving average price of $16.47.

Institutional Trading of 2x Long VIX Futures ETF

A number of large investors have recently added to or reduced their stakes in UVIX. 180 Wealth Advisors LLC purchased a new position in shares of 2x Long VIX Futures ETF in the third quarter valued at $35,000. Howard Financial Services LTD. purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth $87,000. Commonwealth Equity Services LLC increased its holdings in shares of 2x Long VIX Futures ETF by 9.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 49,711 shares of the company’s stock worth $173,000 after buying an additional 4,341 shares during the last quarter. Finally, Citigroup Inc. purchased a new stake in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at about $178,000.

About 2x Long VIX Futures ETF

The 2x Long VIX Futures ETF (UVIX) is an exchange-traded fund that is based on the Long VIX Futures index. The fund tracks an index that provides 2x daily leveraged exposure to a portfolio comprising first- and second-month VIX futures positions with a weighted average maturity of one month. UVIX was launched on Mar 28, 2022 and is managed by Volatility Shares.