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

2x Long VIX Futures ETF (BATS:UVIX) was the target of unusually large options trading activity on Tuesday. Traders purchased 68,878 call options on the company. This is an increase of approximately 54% compared to the typical volume of 44,645 call options.

2x Long VIX Futures ETF Stock Performance

Shares of UVIX opened at $5.60 on Thursday. The firm’s fifty day moving average is $7.45 and its two-hundred day moving average is $11.23.

Institutional Trading of 2x Long VIX Futures ETF

Several large investors have recently added to or reduced their stakes in the company. WealthShield Partners LLC purchased a new position in shares of 2x Long VIX Futures ETF in the second quarter worth about $239,000. Avior Wealth Management LLC acquired a new position in 2x Long VIX Futures ETF in the 2nd quarter worth approximately $254,000. Howard Financial Services LTD. acquired a new position in 2x Long VIX Futures ETF in the 3rd quarter worth approximately $119,000. Two Sigma Securities LLC raised its position in 2x Long VIX Futures ETF by 76.9% during the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock worth $353,000 after buying an additional 6,838 shares during the last quarter. Finally, FreeGulliver LLC purchased a new position in 2x Long VIX Futures ETF during the 3rd quarter worth approximately $179,000.

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.