2x Long VIX Futures ETF (BATS:UVIX) Sets New 12-Month Low – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX – Get Free Report)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $36.54 and last traded at $37.7710, with a volume of 1783662 shares changing hands. The stock had previously closed at $37.82.

2x Long VIX Futures ETF Stock Performance

The stock has a 50-day moving average price of $52.21 and a 200-day moving average price of $94.77.

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Hedge Funds Weigh In On 2x Long VIX Futures ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Clough Capital Partners L P boosted its stake in 2x Long VIX Futures ETF by 326.2% during the 2nd quarter. Clough Capital Partners L P now owns 53,275 shares of the company’s stock valued at $1,195,000 after acquiring an additional 40,775 shares during the last quarter. Two Sigma Securities LLC increased its position in shares of 2x Long VIX Futures ETF by 76.9% in the 2nd 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. Flow Traders U.S. LLC bought a new stake in shares of 2x Long VIX Futures ETF in the 3rd quarter worth about $532,000. Mach 1 Financial Group LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter valued at about $452,000. Finally, StoneX Group Inc. acquired a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter valued at about $130,000.

2x Long VIX Futures ETF Company Profile

(Get Free Report)

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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