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

Shares of 2x Long VIX Futures ETF (BATS:UVIX) reached a new 52-week low during mid-day trading on Monday. The company traded as low as $32.95 and last traded at $33.0910, with a volume of 1,190,704 shares. The stock had previously closed at $34.02.

2x Long VIX Futures ETF Stock Down 0.2%

The company’s fifty day simple moving average is $40.30 and its 200 day simple moving average is $74.40.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UVIX. Ramsey Quantitative Systems purchased a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter valued at approximately $334,000. Clough Capital Partners L P bought a new stake in shares of 2x Long VIX Futures ETF during the first quarter valued at approximately $623,000. Capital Asset Advisory Services LLC purchased a new stake in 2x Long VIX Futures ETF in the first quarter worth $262,000. Hamilton Wealth LLC purchased a new stake in 2x Long VIX Futures ETF in the first quarter worth $7,570,000. Finally, Brookstone Capital Management purchased a new stake in 2x Long VIX Futures ETF in the first quarter worth $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.