2x Long VIX Futures ETF (BATS:UVIX) Reaches New 12-Month Low – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX) shares reached a new 52-week low on Monday . The stock traded as low as $54.20 and last traded at $54.79, with a volume of 290027 shares. The stock had previously closed at $55.72.

2x Long VIX Futures ETF Stock Performance

The business’s 50 day moving average is $66.89 and its two-hundred day moving average is $107.09.

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 position in 2x Long VIX Futures ETF in the fourth quarter valued at approximately $81,000. Mariner LLC bought a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter valued at $86,000. Two Sigma Securities LLC lifted 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 acquiring an additional 6,838 shares during the period. StoneX Group Inc. acquired a new position in shares of 2x Long VIX Futures ETF during the 4th quarter valued at $130,000. Finally, Independent Financial Group LLC bought a new position in 2x Long VIX Futures ETF during the first quarter worth $216,000.

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.