2x Long VIX Futures ETF (BATS:UVIX) Shares Down 0.2% – Here’s What Happened

2x Long VIX Futures ETF (BATS:UVIX) traded down 0.2% during mid-day trading on Friday . The company traded as low as $27.63 and last traded at $28.42. 4,360,427 shares traded hands during trading, The stock had previously closed at $28.48.

2x Long VIX Futures ETF Stock Performance

The firm has a fifty day moving average price of $32.07 and a two-hundred day moving average price of $46.19.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently made changes to their positions in the business. Kingswood Wealth Advisors LLC acquired a new position in shares of 2x Long VIX Futures ETF in the 4th quarter valued at $37,000. Caprock Group LLC acquired a new stake in 2x Long VIX Futures ETF during the 4th quarter worth about $44,000. Finally, Flow Traders U.S. LLC purchased a new stake in 2x Long VIX Futures ETF during the 3rd quarter valued at about $326,000.

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.