2x Long VIX Futures ETF (BATS:UVIX – Get Free Report) was the target of a large drop in short interest in July. As of July 15th, there was short interest totaling 967,088 shares, a drop of 93.0% from the June 30th total of 13,837,271 shares. Based on an average daily trading volume, of 1,306,885 shares, the short-interest ratio is presently 0.7 days. Currently, 4.9% of the company’s stock are sold short.
2x Long VIX Futures ETF Stock Down 2.6%
Shares of 2x Long VIX Futures ETF stock opened at $62.05 on Friday. The firm’s 50 day moving average price is $71.75 and its 200-day moving average price is $109.61. 2x Long VIX Futures ETF has a 52-week low of $54.59 and a 52-week high of $417.80.
Institutional Investors Weigh In On 2x Long VIX Futures ETF
Several institutional investors have recently bought and sold shares of the company. Two Sigma Securities LLC grew its holdings in 2x Long VIX Futures ETF by 76.9% in the second quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after purchasing an additional 6,838 shares during the last quarter. Meritage Portfolio Management purchased a new stake in shares of 2x Long VIX Futures ETF during the 4th quarter valued at $81,000. Mariner LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter worth $86,000. Barclays PLC boosted its position in shares of 2x Long VIX Futures ETF by 148.5% in the 4th quarter. Barclays PLC now owns 33,470 shares of the company’s stock worth $191,000 after purchasing an additional 20,000 shares in the last quarter. Finally, StoneX Group Inc. purchased a new position in 2x Long VIX Futures ETF during the 4th quarter worth $130,000.
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.
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