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

2x Long VIX Futures ETF (BATS:UVIX) saw some unusual options trading activity on Friday. Stock traders purchased 59,625 call options on the stock. This represents an increase of approximately 78% compared to the typical volume of 33,557 call options.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several hedge funds have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in 2x Long VIX Futures ETF in the third quarter valued at $326,000. Tidal Investments LLC acquired a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter worth approximately $155,000. Finally, Howard Financial Services LTD. increased its position in 2x Long VIX Futures ETF by 80.0% during the second quarter. Howard Financial Services LTD. now owns 18,000 shares of the company’s stock worth $101,000 after buying an additional 8,000 shares in the last quarter.

2x Long VIX Futures ETF Stock Up 13.8 %

Shares of BATS UVIX opened at $3.87 on Friday. The firm has a 50-day moving average price of $4.94 and a 200-day moving average price of $5.77.

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.