2x Long VIX Futures ETF (BATS:UVIX) Stock Price Up 13.1% – What’s Next?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price rose 13.1% on Thursday . The stock traded as high as $32.52 and last traded at $31.66. Approximately 16,445,106 shares traded hands during trading, The stock had previously closed at $28.00.

2x Long VIX Futures ETF Trading Down 1.3%

The company has a fifty day simple moving average of $44.74 and a two-hundred day simple moving average of $37.35.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth $37,000. Caprock Group LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth $44,000. Headlands Technologies LLC bought a new position in 2x Long VIX Futures ETF during the 1st quarter worth $45,000. XTX Topco Ltd bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth $71,000. Finally, Meridian Wealth Management LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth $159,000.

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.