2x Long VIX Futures ETF (BATS:UVIX) Reaches New 52-Week Low – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price reached a new 52-week low on Monday . The stock traded as low as $49.55 and last traded at $49.68, with a volume of 235815 shares. The stock had previously closed at $50.55.

2x Long VIX Futures ETF Stock Performance

The business has a 50 day moving average price of $64.00 and a 200-day moving average price of $104.70.

Institutional Trading of 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FirstWave Capital Management LLC bought a new position in 2x Long VIX Futures ETF during the fourth quarter worth about $5,031,000. Hamilton Wealth LLC bought a new stake in 2x Long VIX Futures ETF in the first quarter valued at approximately $7,570,000. Brookstone Capital Management bought a new stake in 2x Long VIX Futures ETF in the first quarter valued at approximately $1,399,000. Ramsey Quantitative Systems bought a new stake in 2x Long VIX Futures ETF in the second quarter valued at approximately $334,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter valued at approximately $452,000.

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.