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

2x Long VIX Futures ETF (BATS:UVIX) was the recipient of some unusual options trading activity on Friday. Investors purchased 88,098 call options on the company. This is an increase of 48% compared to the average volume of 59,666 call options.

2x Long VIX Futures ETF Price Performance

UVIX opened at $8.29 on Friday. The company has a fifty day moving average price of $7.14 and a two-hundred day moving average price of $8.12. 2x Long VIX Futures ETF has a 52 week low of $5.23 and a 52 week high of $105.18.

Hedge Funds Weigh In On 2x Long VIX Futures ETF

Hedge funds have recently added to or reduced their stakes in the stock. Meritage Portfolio Management bought a new position in 2x Long VIX Futures ETF in the 4th quarter valued at $81,000. Mariner LLC purchased a new stake in 2x Long VIX Futures ETF during the fourth quarter worth about $86,000. Howard Financial Services LTD. bought a new position in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at approximately $119,000. StoneX Group Inc. purchased a new stake in shares of 2x Long VIX Futures ETF during the 4th quarter worth approximately $130,000. Finally, FreeGulliver LLC bought a new stake in shares of 2x Long VIX Futures ETF in the 3rd quarter worth approximately $179,000.

2x Long VIX Futures ETF Company Profile

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.