2x Long VIX Futures ETF (BATS:UVIX – Get Free Report)’s share price crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $37.99 and traded as low as $37.43. 2x Long VIX Futures ETF shares last traded at $37.61, with a volume of 5,302,168 shares changing hands.
2x Long VIX Futures ETF Price Performance
The stock’s 50-day moving average is $37.99 and its 200 day moving average is $84.12.
Hedge Funds Weigh In On 2x Long VIX Futures ETF
Large investors have recently bought and sold shares of the stock. Hamilton Wealth LLC purchased a new position in shares of 2x Long VIX Futures ETF during the first quarter worth about $7,570,000. Ramsey Quantitative Systems acquired a new stake in shares of 2x Long VIX Futures ETF during the second quarter worth about $334,000. Clough Capital Partners L P purchased a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter valued at about $623,000. Finally, Independent Financial Group LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter valued at about $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.
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