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

2x Long VIX Futures ETF (BATS:UVIX)’s share price hit a new 52-week low on Tuesday . The stock traded as low as $36.54 and last traded at $37.7710, with a volume of 1783662 shares trading hands. The stock had previously closed at $37.82.

2x Long VIX Futures ETF Trading Up 0.7%

The business has a fifty day simple moving average of $52.21 and a 200 day simple moving average of $94.77.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently bought and sold shares of UVIX. Mariner LLC acquired a new position in shares of 2x Long VIX Futures ETF during the fourth quarter worth approximately $86,000. StoneX Group Inc. acquired a new stake in 2x Long VIX Futures ETF in the 4th quarter valued at approximately $130,000. Barclays PLC increased 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 valued at $191,000 after acquiring an additional 20,000 shares during the period. Independent Financial Group LLC bought a new stake in 2x Long VIX Futures ETF during the 1st quarter valued at $216,000. Finally, Capital Asset Advisory Services LLC bought a new stake in 2x Long VIX Futures ETF during the 1st quarter valued at $262,000.

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.