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

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading on Monday. Stock investors bought 25,055 call options on the stock. This represents an increase of approximately 111% compared to the average daily volume of 11,888 call options.

2x Long VIX Futures ETF Price Performance

Shares of BATS UVIX traded down $11.01 during trading on Monday, reaching $40.68. The stock had a trading volume of 2,735,868 shares, compared to its average volume of 2,405,089. 2x Long VIX Futures ETF has a one year low of $32.32 and a one year high of $273.80. The firm’s 50 day moving average price is $38.06 and its two-hundred day moving average price is $84.61.

Institutional Trading of 2x Long VIX Futures ETF

Institutional investors have recently added to or reduced their stakes in the business. Hamilton Wealth LLC bought a new stake in 2x Long VIX Futures ETF during the first quarter valued at $7,570,000. Ramsey Quantitative Systems bought a new position in shares of 2x Long VIX Futures ETF in the 2nd quarter worth about $334,000. Clough Capital Partners L P bought a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth about $623,000. Finally, Independent Financial Group LLC bought a new position in shares of 2x Long VIX Futures ETF in the 1st quarter worth about $216,000.

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.