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

2x Long VIX Futures ETF (BATS:UVIX) was the target of some unusual options trading on Friday. Stock traders bought 89,042 call options on the company. This is an increase of approximately 88% compared to the average volume of 47,258 call options.

2x Long VIX Futures ETF Stock Up 8.3%

Shares of UVIX stock opened at $6.28 on Friday. The business has a 50-day moving average price of $5.84 and a two-hundred day moving average price of $8.83. 2x Long VIX Futures ETF has a 12-month low of $5.23 and a 12-month high of $105.18.

Institutional Trading of 2x Long VIX Futures ETF

Several institutional investors have recently added to or reduced their stakes in the business. Meritage Portfolio Management bought a new stake in shares of 2x Long VIX Futures ETF in the 4th quarter worth $81,000. Mariner LLC purchased a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter valued at $86,000. Howard Financial Services LTD. bought a new stake in 2x Long VIX Futures ETF in the 3rd quarter worth about $119,000. StoneX Group Inc. bought a new stake in 2x Long VIX Futures ETF in the 4th quarter worth about $130,000. Finally, FreeGulliver LLC purchased a new position in 2x Long VIX Futures ETF in the 3rd quarter worth about $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.