2x Long VIX Futures ETF Sees Unusually Large Options Volume (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of some unusual options trading activity on Friday. Traders bought 73,634 call options on the stock. This represents an increase of approximately 32% compared to the typical daily volume of 55,679 call options.

2x Long VIX Futures ETF Stock Up 13.3%

Shares of UVIX stock opened at $9.17 on Friday. 2x Long VIX Futures ETF has a fifty-two week low of $5.23 and a fifty-two week high of $105.18. The firm’s 50 day moving average price is $6.48 and its two-hundred day moving average price is $8.28.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several institutional investors have recently modified their holdings of UVIX. FirstWave Capital Management LLC bought a new stake in shares of 2x Long VIX Futures ETF during the fourth quarter valued at approximately $5,031,000. Cavalier Investments LLC bought a new position in 2x Long VIX Futures ETF in the 3rd quarter worth approximately $1,225,000. GAM Holding AG bought a new position in 2x Long VIX Futures ETF in the 3rd quarter worth approximately $794,000. Mach 1 Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF in the 4th quarter valued at approximately $452,000. Finally, Flow Traders U.S. LLC acquired a new stake in 2x Long VIX Futures ETF in the 3rd quarter valued at approximately $532,000.

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.