2x Long VIX Futures ETF (BATS:UVIX) Hits New 52-Week Low – Time to Sell?

Shares of 2x Long VIX Futures ETF (BATS:UVIX) reached a new 52-week low during trading on Tuesday . The stock traded as low as $36.54 and last traded at $37.7710, with a volume of 1783662 shares. The stock had previously closed at $37.82.

2x Long VIX Futures ETF Price Performance

The firm’s fifty day moving average price is $51.31 and its 200 day moving average price is $93.56.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Institutional investors have recently added to or reduced their stakes in the business. Ramsey Quantitative Systems acquired a new stake in 2x Long VIX Futures ETF during the 2nd quarter worth about $334,000. Hamilton Wealth LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $3,785,000. Clough Capital Partners L P purchased a new stake in shares of 2x Long VIX Futures ETF during the 1st quarter worth about $623,000. Independent Financial Group LLC purchased a new position in 2x Long VIX Futures ETF during the first quarter worth approximately $216,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter valued at $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.