2x Long VIX Futures ETF (BATS:UVIX) Reaches New 1-Year Low – Here’s Why

2x Long VIX Futures ETF (BATS:UVIX) reached a new 52-week low during trading on Thursday . The company traded as low as $60.88 and last traded at $60.93, with a volume of 158772 shares trading hands. The stock had previously closed at $62.48.

2x Long VIX Futures ETF Stock Performance

The company’s fifty day moving average price is $7.86 and its two-hundred day moving average price is $7.07.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently bought and sold shares of UVIX. Hamilton Wealth LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $3,785,000. Clough Capital Partners L P acquired a new stake in shares of 2x Long VIX Futures ETF during the 1st quarter worth $623,000. Independent Financial Group LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth $216,000. Capital Asset Advisory Services LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth $262,000. Finally, Brookstone Capital Management acquired a new position in 2x Long VIX Futures ETF in the first quarter valued at $1,399,000.

About 2x Long VIX Futures ETF

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.