2x Long VIX Futures ETF Target of Unusually Large Options Trading (BATS:UVIX)

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

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several institutional investors have recently modified their holdings of the business. Tidal Investments LLC bought a new stake in shares of 2x Long VIX Futures ETF during the first quarter worth $155,000. Howard Financial Services LTD. boosted its stake 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 period. Finally, Flow Traders U.S. LLC acquired a new position in 2x Long VIX Futures ETF in the 3rd quarter worth $326,000.

2x Long VIX Futures ETF Stock Up 13.8 %

BATS:UVIX opened at $3.87 on Friday. The firm has a 50-day simple moving average of $4.90 and a 200-day simple moving average of $5.74.

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.