2x Long VIX Futures ETF (BATS:UVIX) Stock Price Up 4.2% – Here’s Why

2x Long VIX Futures ETF (BATS:UVIX)’s share price shot up 4.2% during mid-day trading on Tuesday . The stock traded as high as $5.68 and last traded at $5.67. 29,472,726 shares were traded during trading, a decline of 18% from the average session volume of 36,135,906 shares. The stock had previously closed at $5.44.

2x Long VIX Futures ETF Trading Up 4.2%

The company has a fifty day moving average price of $6.20 and a 200-day moving average price of $9.77.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Hedge funds have recently made changes to their positions in the company. WealthShield Partners LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the 2nd quarter worth $239,000. Clough Capital Partners L P raised its holdings in shares of 2x Long VIX Futures ETF by 326.2% in the second quarter. Clough Capital Partners L P now owns 53,275 shares of the company’s stock worth $1,195,000 after buying an additional 40,775 shares during the last quarter. Two Sigma Securities LLC raised its stake in 2x Long VIX Futures ETF by 76.9% in the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after acquiring an additional 6,838 shares during the last quarter. Park Edge Advisors LLC purchased a new position in shares of 2x Long VIX Futures ETF in the third quarter worth about $372,000. Finally, GAM Holding AG purchased a new position in 2x Long VIX Futures ETF during the 3rd quarter worth approximately $794,000.

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.