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

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

2x Long VIX Futures ETF Stock Performance

The company’s 50-day moving average price is $10.19 and its 200 day moving average price is $16.70.

Institutional Trading of 2x Long VIX Futures ETF

Several institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of 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 purchasing an additional 4,341 shares during the period. 180 Wealth Advisors LLC purchased a new position in 2x Long VIX Futures ETF during the third quarter valued at $35,000. Howard Financial Services LTD. purchased a new position in 2x Long VIX Futures ETF during the first quarter valued at $87,000. Finally, Citigroup Inc. purchased a new position in 2x Long VIX Futures ETF during the third quarter valued at $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.