2x Long VIX Futures ETF (BATS:UVIX) Shares Up 0.2% – Still a Buy?

Shares of 2x Long VIX Futures ETF (BATS:UVIX) rose 0.2% during mid-day trading on Tuesday . The company traded as high as $92.88 and last traded at $73.49. Approximately 10,211,077 shares traded hands during mid-day trading, The stock had previously closed at $73.34.

2x Long VIX Futures ETF Price Performance

The firm has a 50 day moving average price of $35.12 and a 200-day moving average price of $38.37.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UVIX. Kingswood Wealth Advisors LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter valued at $37,000. Caprock Group LLC purchased a new position in 2x Long VIX Futures ETF in the fourth quarter valued at $44,000. XTX Topco Ltd acquired a new stake in 2x Long VIX Futures ETF in the fourth quarter valued at $71,000. Meridian Wealth Management LLC purchased a new stake in 2x Long VIX Futures ETF during the 4th quarter worth about $159,000. Finally, Two Sigma Securities LLC boosted its position in shares of 2x Long VIX Futures ETF by 643.3% during the 4th quarter. Two Sigma Securities LLC now owns 100,785 shares of the company’s stock worth $343,000 after acquiring an additional 87,225 shares in the last quarter.

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.