2x Long VIX Futures ETF (BATS:UVIX) Sees Large Decline in Short Interest

2x Long VIX Futures ETF (BATS:UVIX) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 12,982,096 shares, a decline of 34.2% from the May 14th total of 19,724,861 shares. Based on an average trading volume of 50,846,731 shares, the days-to-cover ratio is presently 0.3 days. Currently, 65.4% of the company’s stock are sold short.

Institutional Trading of 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently bought and sold shares of UVIX. Clough Capital Partners L P raised its stake in 2x Long VIX Futures ETF by 326.2% during the second quarter. Clough Capital Partners L P now owns 53,275 shares of the company’s stock valued at $1,195,000 after buying an additional 40,775 shares in the last quarter. Two Sigma Securities LLC raised its stake in 2x Long VIX Futures ETF by 76.9% during the second quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock valued at $353,000 after buying an additional 6,838 shares in the last quarter. Evernest Financial Advisors LLC acquired a new stake in 2x Long VIX Futures ETF during the third quarter valued at approximately $298,000. FreeGulliver LLC acquired a new stake in 2x Long VIX Futures ETF during the third quarter valued at approximately $179,000. Finally, Cavalier Investments LLC acquired a new stake in 2x Long VIX Futures ETF during the third quarter valued at approximately $1,225,000.

2x Long VIX Futures ETF Trading Down 13.2%

BATS:UVIX opened at $3.28 on Tuesday. The business’s 50-day simple moving average is $5.19 and its 200 day simple moving average is $6.29. 2x Long VIX Futures ETF has a one year low of $3.27 and a one year high of $30.19.

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.