2x Long VIX Futures ETF (BATS:UVIX) Shares Down 8.2% – Should You Sell?

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

2x Long VIX Futures ETF Stock Performance

The stock’s 50-day moving average price is $31.83 and its 200 day moving average price is $39.26.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Kingswood Wealth Advisors LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter worth $37,000. Caprock Group LLC purchased a new stake in 2x Long VIX Futures ETF in the fourth quarter worth about $44,000. XTX Topco Ltd purchased a new stake in 2x Long VIX Futures ETF in the fourth quarter worth about $71,000. Meridian Wealth Management LLC bought a new position in 2x Long VIX Futures ETF during the 4th quarter worth about $159,000. Finally, Flow Traders U.S. LLC purchased a new position in 2x Long VIX Futures ETF during the 3rd quarter valued at about $326,000.

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.