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

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

2x Long VIX Futures ETF Trading Up 13.8 %

Shares of UVIX stock opened at $3.87 on Friday. The business’s 50-day simple moving average is $4.94 and its 200 day simple moving average is $5.77.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

A number of large investors have recently modified their holdings of UVIX. Flow Traders U.S. LLC purchased a new position in 2x Long VIX Futures ETF during the third quarter worth approximately $326,000. Howard Financial Services LTD. raised its holdings in shares of 2x Long VIX Futures ETF by 80.0% during the 2nd quarter. Howard Financial Services LTD. now owns 18,000 shares of the company’s stock worth $101,000 after acquiring an additional 8,000 shares during the period. Finally, Tidal Investments LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 1st quarter valued at about $155,000.

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.