2x Long VIX Futures ETF (BATS:UVIX) Sets New 1-Year Low – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $39.41 and last traded at $39.46, with a volume of 1564739 shares changing hands. The stock had previously closed at $40.83.

2x Long VIX Futures ETF Stock Performance

The firm’s 50-day moving average is $55.83 and its 200 day moving average is $98.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in UVIX. Mariner LLC bought a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter worth about $86,000. StoneX Group Inc. bought a new position in shares of 2x Long VIX Futures ETF during the fourth quarter worth about $130,000. Barclays PLC lifted its position in shares of 2x Long VIX Futures ETF by 148.5% during the fourth 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. Independent Financial Group LLC acquired a new position in 2x Long VIX Futures ETF in the first quarter worth about $216,000. Finally, Capital Asset Advisory Services LLC acquired a new position in 2x Long VIX Futures ETF in the first quarter worth about $262,000.

2x Long VIX Futures ETF Company Profile

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.