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

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading on Friday. Traders bought 89,042 call options on the company. This is an increase of 88% compared to the average volume of 47,258 call options.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several institutional investors have recently bought and sold shares of UVIX. FirstWave Capital Management LLC purchased a new position in shares of 2x Long VIX Futures ETF during the fourth quarter worth about $5,031,000. Cavalier Investments LLC bought a new position in shares of 2x Long VIX Futures ETF during the third quarter valued at about $1,225,000. Clough Capital Partners L P lifted its holdings in 2x Long VIX Futures ETF by 86.1% in the 3rd quarter. Clough Capital Partners L P now owns 99,126 shares of the company’s stock worth $984,000 after buying an additional 45,851 shares during the period. GAM Holding AG bought a new stake in 2x Long VIX Futures ETF in the third quarter valued at $794,000. Finally, Mach 1 Financial Group LLC purchased a new position in shares of 2x Long VIX Futures ETF during the fourth quarter valued at about $452,000.

2x Long VIX Futures ETF Trading Up 9.5%

UVIX stock traded up $0.55 during mid-day trading on Friday, reaching $6.35. The company’s stock had a trading volume of 63,622,500 shares, compared to its average volume of 41,436,195. 2x Long VIX Futures ETF has a 12 month low of $5.23 and a 12 month high of $105.18. The business’s 50 day moving average price is $5.85 and its 200 day moving average price is $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.