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

2x Long VIX Futures ETF (BATS:UVIX) saw some unusual options trading activity on Tuesday. Traders acquired 29,112 call options on the stock. This represents an increase of 10% compared to the average volume of 26,547 call options.

2x Long VIX Futures ETF Trading Down 4.3 %

UVIX traded down $0.21 on Tuesday, hitting $4.72. The company had a trading volume of 25,556,046 shares. The stock’s 50-day simple moving average is $5.77 and its two-hundred day simple moving average is $6.81.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Several large investors have recently made changes to their positions in UVIX. 180 Wealth Advisors LLC purchased a new stake in 2x Long VIX Futures ETF in the first quarter valued at approximately $87,000. Tidal Investments LLC purchased a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $155,000. Finally, Howard Financial Services LTD. purchased a new stake in shares of 2x Long VIX Futures ETF in the 1st quarter valued at $87,000.

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.