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

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 $36.37 and last traded at $36.8660, with a volume of 245126 shares trading hands. The stock had previously closed at $37.63.

2x Long VIX Futures ETF Stock Performance

The firm’s 50 day moving average is $48.49 and its 200 day moving average is $89.46.

Institutional Trading of 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently made changes to their positions in UVIX. Ramsey Quantitative Systems purchased a new position in 2x Long VIX Futures ETF during the second quarter valued at $334,000. Hamilton Wealth LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the first quarter worth $3,785,000. Clough Capital Partners L P bought a new position in shares of 2x Long VIX Futures ETF during the first quarter valued at $623,000. Independent Financial Group LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth about $216,000. Finally, Capital Asset Advisory Services LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth about $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.