Cavalier Investments LLC Takes Position in 2x Long VIX Futures ETF $UVIX

Cavalier Investments LLC bought a new position in 2x Long VIX Futures ETF (BATS:UVIX) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 123,338 shares of the company’s stock, valued at approximately $1,225,000.

Several other hedge funds also recently made changes to their positions in the company. WealthShield Partners LLC bought a new stake in 2x Long VIX Futures ETF during the 2nd quarter valued at $239,000. Clough Capital Partners L P boosted its position 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 buying an additional 40,775 shares during the period. Two Sigma Securities LLC grew its holdings in 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 acquiring an additional 6,838 shares during the last quarter. FreeGulliver LLC purchased a new position in shares of 2x Long VIX Futures ETF in the third quarter valued at about $179,000. Finally, Evernest Financial Advisors LLC purchased a new position in shares of 2x Long VIX Futures ETF in the third quarter valued at about $298,000.

2x Long VIX Futures ETF Stock Up 3.0%

Shares of BATS:UVIX opened at $8.86 on Friday. The company has a 50-day moving average price of $6.22 and a 200-day moving average price of $8.41. 2x Long VIX Futures ETF has a 12 month low of $5.23 and a 12 month high of $105.18.

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.