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

2x Long VIX Futures ETF (BATS:UVIX) saw unusually large options trading activity on Thursday. Stock investors purchased 21,446 call options on the company. This represents an increase of approximately 47% compared to the average daily volume of 14,602 call options.

2x Long VIX Futures ETF Stock Up 14.0%

2x Long VIX Futures ETF stock traded up $4.92 during trading on Thursday, reaching $40.13. The 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 52-week low of $32.32 and a 52-week high of $273.80. The business has a 50 day moving average price of $38.68 and a 200 day moving average price of $68.02.

Institutional Investors Weigh In On 2x Long VIX Futures ETF

Several institutional investors have recently modified their holdings of the company. Ramsey Quantitative Systems purchased a new stake in shares of 2x Long VIX Futures ETF during the 2nd quarter worth $334,000. Hamilton Wealth LLC purchased a new position in 2x Long VIX Futures ETF in the first quarter valued at $3,785,000. Clough Capital Partners L P purchased a new position in 2x Long VIX Futures ETF in the first quarter valued at $623,000. Independent Financial Group LLC acquired a new stake in 2x Long VIX Futures ETF in the first quarter valued at $216,000. Finally, Capital Asset Advisory Services LLC acquired a new stake in 2x Long VIX Futures ETF in the first quarter valued at $262,000.

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.