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

2x Long VIX Futures ETF (BATS:UVIX)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $54.20 and last traded at $54.79, with a volume of 290027 shares trading hands. The stock had previously closed at $55.72.

2x Long VIX Futures ETF Stock Down 3.1%

The business’s 50 day moving average is $68.25 and its 200-day moving average is $107.86.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UVIX. Meritage Portfolio Management acquired a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter valued at about $81,000. Mariner LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 4th quarter worth about $86,000. Two Sigma Securities LLC raised its position in shares of 2x Long VIX Futures ETF by 76.9% during the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after purchasing an additional 6,838 shares during the last quarter. StoneX Group Inc. purchased a new position in 2x Long VIX Futures ETF in the 4th quarter valued at about $130,000. Finally, Independent Financial Group LLC purchased a new position in 2x Long VIX Futures ETF in the 1st quarter valued at about $216,000.

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.