2x Long VIX Futures ETF (BATS:UVIX) Shares Down 15.4%

2x Long VIX Futures ETF (BATS:UVIX) was down 15.4% during trading on Monday . The stock traded as low as $9.82 and last traded at $10.08. Approximately 7,695,548 shares traded hands during trading, The stock had previously closed at $11.91.

2x Long VIX Futures ETF Trading Down 2.2 %

The business’s 50-day simple moving average is $10.08 and its two-hundred day simple moving average is $16.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC grew its holdings in 2x Long VIX Futures ETF by 9.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 49,711 shares of the company’s stock valued at $173,000 after buying an additional 4,341 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in 2x Long VIX Futures ETF during the third quarter valued at approximately $35,000. Howard Financial Services LTD. bought a new stake in 2x Long VIX Futures ETF during the 1st quarter worth approximately $87,000. Finally, Citigroup Inc. purchased a new stake in 2x Long VIX Futures ETF in the 3rd quarter worth approximately $178,000.

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.