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

Shares of 2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low 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 Price Performance

The firm has a 50 day moving average of $78.88 and a two-hundred day moving average of $112.72.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Hedge funds have recently made changes to their positions in the stock. Clough Capital Partners L P grew its holdings in shares of 2x Long VIX Futures ETF by 326.2% during 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 during the last quarter. Two Sigma Securities LLC boosted its position in 2x Long VIX Futures ETF by 76.9% in the second quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock valued at $353,000 after buying an additional 6,838 shares in the last quarter. Flow Traders U.S. LLC bought a new stake in shares of 2x Long VIX Futures ETF during the third quarter worth $532,000. Meritage Portfolio Management bought a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth $81,000. Finally, Mach 1 Financial Group LLC acquired a new position in shares of 2x Long VIX Futures ETF during the fourth quarter worth $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.