2x Long VIX Futures ETF (BATS:UVIX) Hits New 12-Month Low – Here’s Why

2x Long VIX Futures ETF (BATS:UVIXGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $39.41 and last traded at $39.46, with a volume of 1564739 shares changing hands. The stock had previously closed at $40.83.

2x Long VIX Futures ETF Stock Performance

The stock has a 50 day moving average of $55.83 and a 200 day moving average of $98.30.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Institutional investors have recently modified their holdings of the company. Ramsey Quantitative Systems acquired a new stake in shares of 2x Long VIX Futures ETF in the 2nd quarter worth about $334,000. Clough Capital Partners L P acquired a new position in 2x Long VIX Futures ETF during the 1st quarter valued at about $623,000. Capital Asset Advisory Services LLC bought a new position in 2x Long VIX Futures ETF in the 1st quarter worth about $262,000. Brookstone Capital Management bought a new position in 2x Long VIX Futures ETF in the 1st quarter worth about $1,399,000. Finally, Hamilton Wealth LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at approximately $7,570,000.

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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