2x Long VIX Futures ETF Price & Performance (UVIX)

The 2x Long VIX Futures ETF (UVIX) presents diverse trading strategies for investors, leveraging market volatility. Analysts suggest buying near $24.98 with targets at $52.15, while shorting near $52.15 offers a downside target of $24.98. These plans underscore the ETF's responsiveness to key resistance and support levels.1

Tesla saw a significant increase in trading activity last month, even as its market cap dropped nearly 28%. European registration data revealed a 45% year-over-year decline, yet investor interest remained high, with over 60% of trades being buys. This reflects a mixed sentiment in the EV sector amid market volatility.2

As the CBOE Volatility Index (VIX) dropped 11%, inverse ETFs like SVIX gained 6%, while long-volatility funds such as UVXY fell over 9%. These ETFs, which track VIX futures, highlight opportunities for short-term traders but caution against long-term holding due to performance discrepancies.3