2x Long VIX Futures ETF (BATS:UVIX) Hits New 1-Year Low – Here’s What Happened

2x Long VIX Futures ETF (BATS:UVIX – Get Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as $55.85 and last traded at $55.95, with a volume of 1158133 shares. The stock had previously closed at $58.13.

2x Long VIX Futures ETF Trading Up 4.8%

The stock’s fifty day moving average is $76.95 and its 200 day moving average is $111.84.

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Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently modified their holdings of UVIX. Meritage Portfolio Management purchased a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth about $81,000. Mariner LLC purchased a new stake in 2x Long VIX Futures ETF during the 4th quarter valued at $86,000. StoneX Group Inc. bought a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter worth $130,000. Barclays PLC increased its holdings 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, Independent Financial Group LLC purchased a new position in shares of 2x Long VIX Futures ETF in the first quarter worth $216,000.

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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