2x Long VIX Futures ETF (BATS:UVIX – Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $49.55 and last traded at $49.68, with a volume of 235815 shares. The stock had previously closed at $50.55.

The firm’s fifty day moving average is $65.18 and its 200 day moving average is $105.76.

A number of institutional investors have recently made changes to their positions in UVIX. FirstWave Capital Management LLC acquired a new stake in 2x Long VIX Futures ETF during the 4th quarter worth approximately $5,031,000. Hamilton Wealth LLC bought a new position in 2x Long VIX Futures ETF during the 1st quarter worth $7,570,000. Brookstone Capital Management bought a new position in 2x Long VIX Futures ETF during the 1st quarter worth $1,399,000. Ramsey Quantitative Systems acquired a new stake in shares of 2x Long VIX Futures ETF during the second quarter worth $334,000. Finally, Mach 1 Financial Group LLC acquired a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter worth $452,000.

(Get Free Report)

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.

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