2x Long VIX Futures ETF (BATS:UVIX) Stock Crosses Above Fifty Day Moving Average – Here’s Why

2x Long VIX Futures ETF (BATS:UVIX)’s share price passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $37.83 and traded as high as $47.25. 2x Long VIX Futures ETF shares last traded at $42.16, with a volume of 6,668,248 shares changing hands.

2x Long VIX Futures ETF Price Performance

The firm has a 50-day simple moving average of $37.83 and a two-hundred day simple moving average of $86.31.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC purchased a new stake in 2x Long VIX Futures ETF during the first quarter worth approximately $7,570,000. Ramsey Quantitative Systems purchased a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter valued at $334,000. Clough Capital Partners L P purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $623,000. Capital Asset Advisory Services LLC acquired a new stake in 2x Long VIX Futures ETF during the 1st quarter worth $262,000. Finally, Independent Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF during the 1st quarter worth $216,000.

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.