2x Long VIX Futures ETF (BATS:UVIX) Hits New 52-Week Low – Should You Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $45.45 and last traded at $45.86, with a volume of 278417 shares traded. The stock had previously closed at $45.83.

2x Long VIX Futures ETF Price Performance

The firm has a 50-day simple moving average of $62.12 and a two-hundred day simple moving average of $103.36.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of UVIX. Meritage Portfolio Management bought a new position in shares of 2x Long VIX Futures ETF during the 4th quarter valued at $81,000. Mariner LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 4th quarter valued at about $86,000. StoneX Group Inc. bought a new position in shares of 2x Long VIX Futures ETF in the 4th quarter valued at approximately $130,000. Barclays PLC lifted its holdings in 2x Long VIX Futures ETF by 148.5% in the 4th quarter. Barclays PLC now owns 33,470 shares of the company’s stock worth $191,000 after purchasing an additional 20,000 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF in the 1st quarter worth approximately $216,000.

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.