2x Long VIX Futures ETF (BATS:UVIX) Hits New 1-Year Low – Here’s What Happened

2x Long VIX Futures ETF (BATS:UVIX) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $55.85 and last traded at $55.95, with a volume of 1158133 shares traded. The stock had previously closed at $58.13.

2x Long VIX Futures ETF Stock Performance

The company’s 50-day moving average is $78.88 and its two-hundred day moving average is $112.72.

Institutional Trading of 2x Long VIX Futures ETF

A number of institutional investors and hedge funds have recently made changes to their positions in UVIX. FirstWave Capital Management LLC acquired a new stake in shares of 2x Long VIX Futures ETF during the 4th quarter worth approximately $5,031,000. Hamilton Wealth LLC acquired a new position in 2x Long VIX Futures ETF during the first quarter valued at approximately $7,570,000. Brookstone Capital Management bought a new stake in 2x Long VIX Futures ETF during the first quarter worth $1,399,000. Ramsey Quantitative Systems bought a new stake in 2x Long VIX Futures ETF during the second quarter worth $334,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter valued at $452,000.

About 2x Long VIX Futures ETF

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.