2x Long VIX Futures ETF (BATS:UVIX) Short Interest Update

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 967,088 shares, a drop of 93.0% from the June 30th total of 13,837,271 shares. Based on an average daily volume of 1,306,885 shares, the days-to-cover ratio is currently 0.7 days. Approximately 4.9% of the company’s shares are sold short.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Hedge funds have recently added to or reduced their stakes in the business. Meritage Portfolio Management acquired a new stake in 2x Long VIX Futures ETF during the 4th quarter worth about $81,000. Mariner LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 4th quarter valued at about $86,000. Two Sigma Securities LLC boosted 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 in the last quarter. StoneX Group Inc. bought a new stake in shares of 2x Long VIX Futures ETF during the 4th quarter valued at about $130,000. Finally, Independent Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF during the first quarter worth approximately $216,000.

2x Long VIX Futures ETF Stock Performance

Shares of BATS:UVIX traded down $1.65 during midday trading on Friday, hitting $62.05. 1,657,579 shares of the stock were exchanged, compared to its average volume of 2,340,194. The business’s 50-day moving average price is $72.58 and its 200 day moving average price is $109.94. 2x Long VIX Futures ETF has a 12 month low of $54.59 and a 12 month high of $417.80.

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.