Traders Buy High Volume of Call Options on 2x Long VIX Futures ETF (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) saw some unusual options trading activity on Thursday. Traders bought 46,811 call options on the company. This represents an increase of 56% compared to the typical volume of 30,037 call options.

2x Long VIX Futures ETF Trading Down 3.7 %

UVIX stock opened at $5.92 on Friday. The stock’s fifty day moving average price is $5.04 and its 200 day moving average price is $6.21.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

A hedge fund recently bought a new stake in 2x Long VIX Futures ETF stock. Tidal Investments LLC acquired a new position in shares of 2x Long VIX Futures ETF (BATS:UVIX) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,764 shares of the company’s stock, valued at approximately $155,000. Tidal Investments LLC owned about 0.27% of 2x Long VIX Futures ETF at the end of the most recent reporting period.

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.