2x Long VIX Futures ETF (BATS:UVIX) Stock Breaks Above 50-Day Moving Average – Here’s What Happened

2x Long VIX Futures ETF (BATS:UVIX)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $37.83 and traded as high as $47.25. 2x Long VIX Futures ETF shares last traded at $42.16, with a volume of 6,668,248 shares changing hands.

2x Long VIX Futures ETF Trading Up 20.8%

The business’s 50 day simple moving average is $37.83 and its 200 day simple moving average is $86.31.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in UVIX. Ramsey Quantitative Systems acquired a new stake in shares of 2x Long VIX Futures ETF in the 2nd quarter valued at $334,000. Hamilton Wealth LLC bought a new stake in 2x Long VIX Futures ETF in the first quarter valued at $3,785,000. Clough Capital Partners L P bought a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $623,000. Finally, Independent Financial Group LLC bought a new position in 2x Long VIX Futures ETF in the 1st quarter worth approximately $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.