2x Long VIX Futures ETF (BATS:UVIX) Reaches New 12-Month Low – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX) shares hit a new 52-week low on Monday . The stock traded as low as $43.02 and last traded at $43.65, with a volume of 231332 shares traded. The stock had previously closed at $43.62.

2x Long VIX Futures ETF Stock Performance

The stock has a 50 day simple moving average of $57.45 and a two-hundred day simple moving average of $99.98.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Mariner LLC acquired a new position in 2x Long VIX Futures ETF in the fourth quarter valued at approximately $86,000. StoneX Group Inc. acquired a new stake in shares of 2x Long VIX Futures ETF during the 4th quarter worth approximately $130,000. Barclays PLC grew its stake in shares of 2x Long VIX Futures ETF by 148.5% during the 4th quarter. Barclays PLC now owns 33,470 shares of the company’s stock worth $191,000 after purchasing an additional 20,000 shares during the period. Independent Financial Group LLC purchased a new position in shares of 2x Long VIX Futures ETF during the 1st quarter valued at approximately $216,000. Finally, Capital Asset Advisory Services LLC purchased a new position in shares of 2x Long VIX Futures ETF during the 1st quarter valued at approximately $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.