2x Long VIX Futures ETF (BATS:UVIX) Shares Down 3.9%

2x Long VIX Futures ETF (BATS:UVIX) shares were down 3.9% during mid-day trading on Wednesday . The company traded as low as $4.38 and last traded at $4.71. Approximately 31,292,540 shares changed hands during mid-day trading, The stock had previously closed at $4.90.

2x Long VIX Futures ETF Price Performance

The business has a fifty day simple moving average of $5.88 and a 200-day simple moving average of $7.14.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. 180 Wealth Advisors LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $87,000. Howard Financial Services LTD. acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $87,000. Finally, Tidal Investments LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the first quarter valued at about $155,000.

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.