2x Long VIX Futures ETF (BATS:UVIX) Sets New 1-Year Low – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price reached a new 52-week low during trading on Thursday . The stock traded as low as $60.88 and last traded at $60.93, with a volume of 158772 shares traded. The stock had previously closed at $62.48.

2x Long VIX Futures ETF Trading Down 2.4%

The firm has a 50-day simple moving average of $5.61 and a 200 day simple moving average of $6.29.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Large investors have recently added to or reduced their stakes in the stock. Two Sigma Securities LLC increased its position in shares of 2x Long VIX Futures ETF by 76.9% during the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock valued at $353,000 after purchasing an additional 6,838 shares during the last quarter. Meritage Portfolio Management purchased a new stake in 2x Long VIX Futures ETF in the 4th quarter worth $81,000. Mariner LLC purchased a new stake in 2x Long VIX Futures ETF in the 4th quarter worth $86,000. FreeGulliver LLC bought a new stake in 2x Long VIX Futures ETF during the third quarter valued at about $179,000. Finally, Barclays PLC raised its holdings in 2x Long VIX Futures ETF by 148.5% during the fourth quarter. Barclays PLC now owns 33,470 shares of the company’s stock valued at $191,000 after acquiring an additional 20,000 shares during the period.

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.