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

2x Long VIX Futures ETF (BATS:UVIX)’s stock price reached a new 52-week low 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 Trading Down 2.4%

The stock’s fifty day moving average price is $48.49 and its 200 day moving average price is $89.46.

Institutional Trading of 2x Long VIX Futures ETF

A number of large investors have recently made changes to their positions in the stock. Independent Financial Group LLC bought a new position in shares of 2x Long VIX Futures ETF during the 1st quarter valued at $216,000. Capital Asset Advisory Services LLC purchased a new position in 2x Long VIX Futures ETF in the first quarter worth about $262,000. Clough Capital Partners L P bought a new stake in shares of 2x Long VIX Futures ETF during the 1st quarter valued at about $623,000. Ramsey Quantitative Systems bought a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter worth approximately $334,000. Finally, Brookstone Capital Management purchased a new position in shares of 2x Long VIX Futures ETF in the first quarter worth approximately $1,399,000.

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.