2x Long VIX Futures ETF (BATS:UVIX) Reaches New 1-Year Low – What’s Next?

2x Long VIX Futures ETF (BATS:UVIX) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $43.02 and last traded at $43.65, with a volume of 231332 shares traded. The stock had previously closed at $43.62.

2x Long VIX Futures ETF Stock Performance

The firm’s 50 day simple moving average is $58.36 and its 200 day simple moving average is $100.94.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UVIX. Two Sigma Securities LLC boosted its holdings in 2x Long VIX Futures ETF by 76.9% during the second quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after buying an additional 6,838 shares in the last quarter. Mariner LLC acquired a new stake in 2x Long VIX Futures ETF during the fourth quarter valued at $86,000. Barclays PLC increased its holdings in 2x Long VIX Futures ETF by 148.5% in the fourth quarter. Barclays PLC now owns 33,470 shares of the company’s stock valued at $191,000 after buying an additional 20,000 shares in the last quarter. StoneX Group Inc. purchased a new position in 2x Long VIX Futures ETF in the fourth quarter valued at $130,000. Finally, Independent Financial Group LLC acquired a new position in shares of 2x Long VIX Futures ETF in the first quarter worth about $216,000.

2x Long VIX Futures ETF Company Profile

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.