2x Long VIX Futures ETF (BATS:UVIX) Stock Price Down 8.2% – Here’s What Happened

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

2x Long VIX Futures ETF Trading Down 8.2 %

The firm has a 50-day simple moving average of $31.83 and a 200-day simple moving average of $39.26.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter valued at about $37,000. Caprock Group LLC purchased a new position in shares of 2x Long VIX Futures ETF in the 4th quarter worth approximately $44,000. XTX Topco Ltd bought a new position in shares of 2x Long VIX Futures ETF during the 4th quarter worth approximately $71,000. Meridian Wealth Management LLC purchased a new stake in 2x Long VIX Futures ETF during the fourth quarter valued at approximately $159,000. Finally, Flow Traders U.S. LLC acquired a new stake in 2x Long VIX Futures ETF in the third quarter valued at approximately $326,000.

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.