2x Long VIX Futures ETF (BATS:UVIX) Stock Price Up 13.1% – What’s Next?

2x Long VIX Futures ETF (BATS:UVIX) was up 13.1% during trading on Thursday . The company traded as high as $32.52 and last traded at $31.66. Approximately 16,445,106 shares traded hands during mid-day trading, The stock had previously closed at $28.00.

2x Long VIX Futures ETF Price Performance

The stock has a 50-day moving average of $44.74 and a 200 day moving average of $37.35.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Jump Financial LLC increased its position in shares of 2x Long VIX Futures ETF by 5,675.0% in the fourth quarter. Jump Financial LLC now owns 639,348 shares of the company’s stock worth $2,174,000 after purchasing an additional 628,277 shares during the period. Two Sigma Securities LLC increased its position in shares of 2x Long VIX Futures ETF by 643.3% in the fourth quarter. Two Sigma Securities LLC now owns 100,785 shares of the company’s stock worth $343,000 after purchasing an additional 87,225 shares during the period. Flow Traders U.S. LLC increased its position in shares of 2x Long VIX Futures ETF by 10.7% in the first quarter. Flow Traders U.S. LLC now owns 83,412 shares of the company’s stock worth $3,106,000 after purchasing an additional 8,066 shares during the period. Meridian Wealth Management LLC bought a new position in shares of 2x Long VIX Futures ETF in the fourth quarter worth $159,000. Finally, Brookstone Capital Management acquired a new stake in 2x Long VIX Futures ETF in the first quarter valued at about $1,734,000.

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.