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

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of unusually large options trading activity on Friday. Investors bought 89,042 call options on the stock. This represents an increase of approximately 88% compared to the average volume of 47,258 call options.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Two Sigma Securities LLC grew its holdings in shares of 2x Long VIX Futures ETF by 76.9% in the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock valued at $353,000 after acquiring an additional 6,838 shares in the last quarter. WealthShield Partners LLC bought a new stake in 2x Long VIX Futures ETF in the 2nd quarter valued at about $239,000. Howard Financial Services LTD. acquired a new stake in 2x Long VIX Futures ETF during the third quarter worth approximately $119,000. Meritage Portfolio Management bought a new position in 2x Long VIX Futures ETF in the 4th quarter valued at about $81,000. Finally, Mariner LLC bought a new position in shares of 2x Long VIX Futures ETF in the 4th quarter valued at $86,000.

2x Long VIX Futures ETF Stock Up 9.5%

BATS UVIX traded up $0.55 on Friday, hitting $6.35. 63,622,500 shares of the company were exchanged, compared to its average volume of 41,436,195. 2x Long VIX Futures ETF has a 1-year low of $5.23 and a 1-year high of $105.18. The firm has a 50 day moving average of $5.85 and a two-hundred day moving average of $8.94.

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.