2x Long VIX Futures ETF (BATS:UVIX) Shares Cross Above Fifty Day Moving Average – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $37.83 and traded as high as $47.25. 2x Long VIX Futures ETF shares last traded at $42.16, with a volume of 6,668,248 shares.

2x Long VIX Futures ETF Price Performance

The stock has a 50-day moving average of $37.83 and a 200 day moving average of $86.31.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Large investors have recently bought and sold shares of the company. Independent Financial Group LLC purchased a new stake in 2x Long VIX Futures ETF in the first quarter valued at $216,000. Capital Asset Advisory Services LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $262,000. Ramsey Quantitative Systems acquired a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter valued at $334,000. Clough Capital Partners L P purchased a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth $623,000. Finally, Hamilton Wealth LLC purchased a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth $3,785,000.

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.