2x Long VIX Futures ETF (BATS:UVIX) Shares Up 13.8% – Still a Buy?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price traded up 13.8% on Monday . The stock traded as high as $30.52 and last traded at $30.11. 17,948,304 shares changed hands during trading, The stock had previously closed at $26.47.

2x Long VIX Futures ETF Stock Up 0.9 %

The business has a fifty day moving average price of $30.89 and a two-hundred day moving average price of $40.30.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UVIX. Kingswood Wealth Advisors LLC purchased a new stake in 2x Long VIX Futures ETF in the 4th quarter worth approximately $37,000. Caprock Group LLC acquired a new position in shares of 2x Long VIX Futures ETF in the fourth quarter worth $44,000. XTX Topco Ltd purchased a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth $71,000. Meridian Wealth Management LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth $159,000. Finally, Flow Traders U.S. LLC acquired a new stake in 2x Long VIX Futures ETF during the third quarter valued at $326,000.

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.