2x Long VIX Futures ETF (BATS:UVIX) Stock Price Down 2.7% – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s share price fell 2.7% during trading on Tuesday . The company traded as low as $5.66 and last traded at $5.75. 19,183,253 shares changed hands during trading, The stock had previously closed at $5.91.

2x Long VIX Futures ETF Price Performance

The firm has a 50-day simple moving average of $8.74 and a 200-day simple moving average of $13.33.

Institutional Trading of 2x Long VIX Futures ETF

Several large investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC purchased a new stake in 2x Long VIX Futures ETF during the third quarter valued at approximately $206,000. Flow Traders U.S. LLC bought a new stake in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at $532,000. Clough Capital Partners L P increased its stake in shares of 2x Long VIX Futures ETF by 86.1% in the 3rd quarter. Clough Capital Partners L P now owns 99,126 shares of the company’s stock worth $984,000 after purchasing an additional 45,851 shares in the last quarter. Cavalier Investments LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the 3rd quarter worth $1,225,000. Finally, FreeGulliver LLC bought a new position in 2x Long VIX Futures ETF in the 3rd quarter worth $179,000.

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.