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

2x Long VIX Futures ETF (BATS:UVIX)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $57.56 and last traded at $59.62, with a volume of 1185239 shares. The stock had previously closed at $58.33.

2x Long VIX Futures ETF Stock Performance

The company’s 50-day moving average is $83.92 and its 200 day moving average is $115.19.

Institutional Trading of 2x Long VIX Futures ETF

Institutional investors have recently added to or reduced their stakes in the business. Meritage Portfolio Management purchased a new position in shares of 2x Long VIX Futures ETF in the fourth quarter worth $81,000. Mariner LLC bought a new stake in 2x Long VIX Futures ETF in the 4th quarter worth about $86,000. StoneX Group Inc. bought a new stake in 2x Long VIX Futures ETF in the 4th quarter worth about $130,000. FreeGulliver LLC purchased a new position in 2x Long VIX Futures ETF in the 3rd quarter worth about $179,000. Finally, Barclays PLC raised its position in 2x Long VIX Futures ETF by 148.5% in the 4th quarter. Barclays PLC now owns 33,470 shares of the company’s stock worth $191,000 after buying an additional 20,000 shares during the last quarter.

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.