2x Long VIX Futures ETF (BATS:UVIX) Hits New 1-Year Low – Should You Sell?

Shares of 2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low during trading on Wednesday . The company traded as low as $57.56 and last traded at $59.62, with a volume of 1185239 shares. The stock had previously closed at $58.33.

2x Long VIX Futures ETF Trading Up 2.2%

The stock’s 50-day moving average is $83.92 and its two-hundred day moving average is $115.19.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Hedge funds have recently added to or reduced their stakes in the stock. FirstWave Capital Management LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 4th quarter worth $5,031,000. Hamilton Wealth LLC purchased a new position in shares of 2x Long VIX Futures ETF in the first quarter worth approximately $7,570,000. Brookstone Capital Management bought a new stake in 2x Long VIX Futures ETF during the first quarter valued at approximately $1,399,000. Cavalier Investments LLC purchased a new stake in 2x Long VIX Futures ETF during the third quarter valued at approximately $1,225,000. Finally, Clough Capital Partners L P increased its holdings in 2x Long VIX Futures ETF by 86.1% during the third quarter. Clough Capital Partners L P now owns 99,126 shares of the company’s stock valued at $984,000 after buying an additional 45,851 shares during the last quarter.

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.