2x Long VIX Futures ETF (BATS:UVIX) Shares Down 15.4%

2x Long VIX Futures ETF (BATS:UVIX) shares fell 15.4% during mid-day trading on Monday . The stock traded as low as $9.82 and last traded at $10.08. 7,695,548 shares traded hands during mid-day trading, The stock had previously closed at $11.91.

2x Long VIX Futures ETF Stock Down 15.4 %

The firm’s 50 day moving average is $10.19 and its 200-day moving average is $16.70.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently added to or reduced their stakes in the stock. Citigroup Inc. acquired a new stake in shares of 2x Long VIX Futures ETF in the third quarter valued at about $178,000. 180 Wealth Advisors LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the third quarter valued at about $35,000. Commonwealth Equity Services LLC raised its position in shares of 2x Long VIX Futures ETF by 9.6% in the third quarter. Commonwealth Equity Services LLC now owns 49,711 shares of the company’s stock valued at $173,000 after buying an additional 4,341 shares during the last quarter. Finally, Howard Financial Services LTD. acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $87,000.

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.