2x Long VIX Futures ETF (BATS:UVIX) Shares Down 0.8% – Here’s What Happened

Shares of 2x Long VIX Futures ETF (BATS:UVIX) traded down 0.8% during mid-day trading on Tuesday . The stock traded as low as $4.82 and last traded at $4.88. 13,655,246 shares traded hands during mid-day trading, The stock had previously closed at $4.92.

2x Long VIX Futures ETF Stock Down 3.3 %

The company has a fifty day moving average of $4.92 and a 200-day moving average of $6.37.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. 180 Wealth Advisors LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $87,000. Howard Financial Services LTD. acquired a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $87,000. Finally, Tidal Investments LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $155,000.

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.