2x Long VIX Futures ETF (BATS:UVIX) Trading Down 8.2% – What’s Next?

2x Long VIX Futures ETF (BATS:UVIX)’s share price dropped 8.2% during trading on Tuesday . The stock traded as low as $34.90 and last traded at $35.28. Approximately 6,122,600 shares were traded during mid-day trading, The stock had previously closed at $38.44.

2x Long VIX Futures ETF Stock Down 6.8 %

The company has a 50-day moving average price of $31.88 and a 200 day moving average price of $39.25.

Institutional Trading of 2x Long VIX Futures ETF

Several hedge funds and other institutional investors have recently modified their holdings of UVIX. Jump Financial LLC boosted its position in shares of 2x Long VIX Futures ETF by 5,675.0% in the fourth quarter. Jump Financial LLC now owns 639,348 shares of the company’s stock worth $2,174,000 after buying an additional 628,277 shares during the period. Two Sigma Securities LLC boosted its position in shares of 2x Long VIX Futures ETF by 643.3% in the fourth quarter. Two Sigma Securities LLC now owns 100,785 shares of the company’s stock worth $343,000 after buying an additional 87,225 shares during the period. Flow Traders U.S. LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the third quarter worth $326,000. Meridian Wealth Management LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter worth $159,000. Finally, XTX Topco Ltd acquired a new stake in shares of 2x Long VIX Futures ETF in the fourth quarter worth $71,000.

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.