2x Long VIX Futures ETF (BATS:UVIX) Reaches New 12-Month Low – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX) hit a new 52-week low on Monday. The company traded as low as $34.76 and last traded at $34.7930, with a volume of 477765 shares traded. The stock had previously closed at $36.01.

2x Long VIX Futures ETF Price Performance

The firm has a 50-day moving average of $42.78 and a 200-day moving average of $79.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Ramsey Quantitative Systems purchased a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter worth $334,000. Hamilton Wealth LLC purchased a new stake in 2x Long VIX Futures ETF during the first quarter valued at $3,785,000. Clough Capital Partners L P purchased a new stake in 2x Long VIX Futures ETF during the first quarter valued at $623,000. Independent Financial Group LLC bought a new position in 2x Long VIX Futures ETF in the first quarter valued at about $216,000. Finally, Capital Asset Advisory Services LLC bought a new position in 2x Long VIX Futures ETF in the first quarter valued at about $262,000.

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.