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

2x Long VIX Futures ETF (BATS:UVIX)’s stock price reached a new 52-week low during trading on Monday . The company traded as low as $36.37 and last traded at $36.8660, with a volume of 245126 shares traded. The stock had previously closed at $37.63.

2x Long VIX Futures ETF Stock Performance

The stock’s 50 day simple moving average is $47.58 and its 200-day simple moving average is $88.06.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Large investors have recently bought and sold shares of the business. Hamilton Wealth LLC acquired a new position in 2x Long VIX Futures ETF during the first quarter worth approximately $7,570,000. Brookstone Capital Management purchased a new position in 2x Long VIX Futures ETF during the 1st quarter worth $1,399,000. Ramsey Quantitative Systems purchased a new position in 2x Long VIX Futures ETF during the second quarter worth about $334,000. Clough Capital Partners L P purchased a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $623,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in 2x Long VIX Futures ETF in the first quarter valued at $262,000.

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.