2x Long VIX Futures ETF (BATS:UVIX) Trading Down 0.8% – Time to Sell?

2x Long VIX Futures ETF (BATS:UVIX)’s share price fell 0.8% on Tuesday . The stock traded as low as $4.82 and last traded at $4.88. 13,655,246 shares were traded during trading, The stock had previously closed at $4.92.

2x Long VIX Futures ETF Trading Down 0.8 %

The company’s 50-day moving average price is $4.91 and its two-hundred day moving average price is $6.38.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently added to or reduced their stakes in the business. Howard Financial Services LTD. grew its holdings in 2x Long VIX Futures ETF by 80.0% in the 2nd quarter. Howard Financial Services LTD. now owns 18,000 shares of the company’s stock worth $101,000 after acquiring an additional 8,000 shares during the last quarter. Tidal Investments LLC bought a new stake in 2x Long VIX Futures ETF in the 1st quarter worth $155,000. Finally, 180 Wealth Advisors LLC bought a new stake in 2x Long VIX Futures ETF in the 1st quarter worth $87,000.

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.