2x Long VIX Futures ETF (BATS:UVIX) Reaches New 1-Year Low – Time to Sell?

Shares of 2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low during trading on Monday . The stock traded as low as $45.45 and last traded at $45.86, with a volume of 278417 shares trading hands. The stock had previously closed at $45.83.

2x Long VIX Futures ETF Price Performance

The stock’s 50 day moving average price is $62.12 and its two-hundred day moving average price is $103.36.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently made changes to their positions in UVIX. Ramsey Quantitative Systems bought a new position in shares of 2x Long VIX Futures ETF in the second quarter worth about $334,000. Hamilton Wealth LLC acquired a new position in shares of 2x Long VIX Futures ETF during the first quarter worth approximately $3,785,000. Clough Capital Partners L P bought a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at approximately $623,000. Independent Financial Group LLC bought a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at approximately $216,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter worth $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.