Traders Purchase Large Volume of 2x Long VIX Futures ETF Call Options (BATS:UVIX)

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

Institutional Inflows and Outflows

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

2x Long VIX Futures ETF Price Performance

Shares of 2x Long VIX Futures ETF stock traded down $0.01 during trading on Friday, hitting $3.40. 25,235,899 shares of the stock traded hands. The business’s fifty day moving average is $4.99 and its two-hundred day moving average is $5.79.

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.