2x Long VIX Futures ETF (BATS:UVIX) Hits New 1-Year Low – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price hit a new 52-week low during trading on Wednesday . The stock traded as low as $57.56 and last traded at $59.62, with a volume of 1185239 shares. The stock had previously closed at $58.33.

2x Long VIX Futures ETF Stock Performance

The business has a 50 day simple moving average of $81.95 and a 200-day simple moving average of $114.05.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Meritage Portfolio Management acquired a new position in 2x Long VIX Futures ETF during the fourth quarter worth about $81,000. Mariner LLC acquired a new stake in 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. FreeGulliver LLC bought a new position in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at about $179,000. Finally, Hamilton Wealth LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 3rd quarter worth approximately $206,000.

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.