2x Long VIX Futures ETF (BATS:UVIX) Sets New 52-Week Low – Here’s What Happened

2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low during trading on Thursday . The stock traded as low as $60.88 and last traded at $60.93, with a volume of 158772 shares. The stock had previously closed at $62.48.

2x Long VIX Futures ETF Price Performance

The business’s fifty day moving average price is $5.61 and its 200-day moving average price is $6.29.

Institutional Trading of 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently bought and sold shares of UVIX. FirstWave Capital Management LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter worth $5,031,000. Hamilton Wealth LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $7,570,000. Brookstone Capital Management purchased a new stake in 2x Long VIX Futures ETF during the first quarter valued at about $1,399,000. Cavalier Investments LLC bought a new position in 2x Long VIX Futures ETF during the 3rd quarter worth approximately $1,225,000. Finally, Mach 1 Financial Group LLC bought a new position in shares of 2x Long VIX Futures ETF in the fourth quarter worth approximately $452,000.

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.