2x Long VIX Futures ETF (BATS:UVIX) Trading Up 1.8% – Time to Buy?

Shares of 2x Long VIX Futures ETF (BATS:UVIX) were up 1.8% during mid-day trading on Tuesday . The stock traded as high as $5.10 and last traded at $5.03. Approximately 65,645,963 shares traded hands during mid-day trading, an increase of 30% from the average daily volume of 50,469,441 shares. The stock had previously closed at $4.94.

2x Long VIX Futures ETF Price Performance

The firm’s 50 day simple moving average is $6.75 and its 200-day simple moving average is $7.05.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $7,570,000. Clough Capital Partners L P acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $623,000. Independent Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $216,000. Capital Asset Advisory Services LLC acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $262,000. Finally, Brookstone Capital Management acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $1,399,000.

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.