2x Long VIX Futures ETF Target of Unusually Large Options Trading (BATS:UVIX)

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Tidal Investments LLC bought a new position in shares of 2x Long VIX Futures ETF during the 1st quarter worth approximately $155,000. Howard Financial Services LTD. raised its stake 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 purchasing an additional 8,000 shares during the period. Finally, Flow Traders U.S. LLC bought a new position in shares of 2x Long VIX Futures ETF in the third quarter valued at approximately $326,000.

2x Long VIX Futures ETF Trading Down 0.3 %

BATS UVIX traded down $0.01 on Friday, reaching $3.40. The company had a trading volume of 25,235,899 shares. The stock’s fifty day moving average price is $4.99 and its two-hundred day moving average price is $5.79.

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.