2x Long VIX Futures ETF (BATS:UVIX) Stock Price Down 5.9% – What’s Next?

2x Long VIX Futures ETF (BATS:UVIX)’s stock price fell 5.9% during mid-day trading on Monday . The stock traded as low as $5.55 and last traded at $5.59. 33,040,842 shares were traded during mid-day trading, a decline of 36% from the average session volume of 51,503,285 shares. The stock had previously closed at $5.94.

2x Long VIX Futures ETF Price Performance

The stock has a 50 day moving average of $7.25 and a 200 day moving average of $7.66.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Large investors have recently modified their holdings of the company. Two Sigma Securities LLC lifted its holdings in shares of 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. Howard Financial Services LTD. bought a new position in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at $119,000. Meritage Portfolio Management purchased a new position in 2x Long VIX Futures ETF in the 4th quarter worth $81,000. Mariner LLC purchased a new position in 2x Long VIX Futures ETF in the 4th quarter worth $86,000. Finally, FreeGulliver LLC bought a new stake in 2x Long VIX Futures ETF in the third quarter worth $179,000.

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.