2x Long VIX Futures ETF (BATS:UVIX) Reaches New 1-Year Low – What’s Next?

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

2x Long VIX Futures ETF Trading Down 0.2%

The business has a fifty day simple moving average of $58.36 and a 200 day simple moving average of $100.94.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UVIX. Ramsey Quantitative Systems purchased a new position in 2x Long VIX Futures ETF in the 2nd quarter valued at $334,000. Hamilton Wealth LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the first quarter worth $3,785,000. Clough Capital Partners L P purchased a new stake in shares of 2x Long VIX Futures ETF during the first quarter worth $623,000. Independent Financial Group LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $216,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $262,000.

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.