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

2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $54.20 and last traded at $54.79, with a volume of 290027 shares. The stock had previously closed at $55.72.

2x Long VIX Futures ETF Trading Down 3.1%

The company’s 50-day moving average is $68.25 and its 200 day moving average is $107.86.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Institutional investors have recently modified their holdings of the business. Clough Capital Partners L P increased its stake in shares of 2x Long VIX Futures ETF by 326.2% in the 2nd quarter. Clough Capital Partners L P now owns 53,275 shares of the company’s stock valued at $1,195,000 after purchasing an additional 40,775 shares in the last quarter. Two Sigma Securities LLC boosted its position in 2x Long VIX Futures ETF by 76.9% during the second quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after purchasing an additional 6,838 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in 2x Long VIX Futures ETF during the third quarter worth approximately $532,000. Meritage Portfolio Management acquired a new stake in 2x Long VIX Futures ETF in the fourth quarter valued at approximately $81,000. Finally, Mach 1 Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF in the fourth quarter valued at 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.