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

2x Long VIX Futures ETF (BATS:UVIX) was the target of some unusual options trading activity on Thursday. Traders bought 21,446 call options on the stock. This is an increase of approximately 47% compared to the average daily volume of 14,602 call options.

Institutional Trading of 2x Long VIX Futures ETF

A number of large investors have recently modified their holdings of UVIX. Independent Financial Group LLC purchased a new position in 2x Long VIX Futures ETF in the first quarter valued at $216,000. Capital Asset Advisory Services LLC purchased a new stake in 2x Long VIX Futures ETF during the 1st quarter worth about $262,000. Ramsey Quantitative Systems purchased a new stake in 2x Long VIX Futures ETF during the 2nd quarter worth about $334,000. Clough Capital Partners L P purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at about $623,000. Finally, Brookstone Capital Management purchased a new position in shares of 2x Long VIX Futures ETF in the 1st quarter valued at about $1,399,000.

2x Long VIX Futures ETF Trading Up 14.0%

Shares of UVIX stock traded up $4.92 during trading on Thursday, reaching $40.13. The company’s stock had a trading volume of 2,936,399 shares, compared to its average volume of 2,305,708. 2x Long VIX Futures ETF has a 1-year low of $32.32 and a 1-year high of $273.80. The stock’s 50-day moving average price is $38.68 and its 200 day moving average price is $68.02.

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.