Stock Traders Buy Large Volume of Call Options on 2x Long VIX Futures ETF (BATS:UVIX)

2x Long VIX Futures ETF (BATS:UVIX) was the target of some unusual options trading activity on Tuesday. Investors purchased 68,878 call options on the stock. This is an increase of approximately 54% compared to the average volume of 44,645 call options.

2x Long VIX Futures ETF Price Performance

UVIX stock opened at $6.86 on Wednesday. The stock has a 50 day moving average price of $7.49 and a 200 day moving average price of $11.26.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of UVIX. WealthShield Partners LLC bought a new position in 2x Long VIX Futures ETF during the second quarter valued at about $239,000. Avior Wealth Management LLC bought a new stake in shares of 2x Long VIX Futures ETF during the 2nd quarter worth about $254,000. Flow Traders U.S. LLC acquired a new position in shares of 2x Long VIX Futures ETF during the 3rd quarter valued at about $532,000. Two Sigma Securities LLC increased its holdings in shares of 2x Long VIX Futures ETF by 76.9% during the 2nd quarter. Two Sigma Securities LLC now owns 15,726 shares of the company’s stock valued at $353,000 after acquiring an additional 6,838 shares during the last quarter. Finally, Hamilton Wealth LLC bought a new position in shares of 2x Long VIX Futures ETF in the 3rd quarter valued at approximately $206,000.

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.